The Figure Given Below Represents the Equilibrium Price and Output

question 85

Multiple Choice

The figure given below represents the equilibrium price and output in the market for restaurant meals and delivery meals.
Figure 4.1

-Refer to Figure 4.1. If the price in the Delivery Meals market remains at $10 but demand shifts to D2 which of the following situations will be observed?

• A) People would be willing and able to purchase 75 units while only 60 units would be available.
• B) People would be willing and able to purchase only 60 units while 75 units would be available.
• C) People would be willing and able to purchase 75 units while only 50 units would be available.
• D) People would be willing and able to purchase 75 units while only 25 units would be available.
• E) People would be willing and able to purchase 50 units and producers would supply exactly 50 units.

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Definitions:

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Refers to a word originating from Latin, the language historically spoken in the Roman Empire and from which the Romance languages evolved.

Persona

The social face or character that an individual presents to the world, often distinct from their authentic self.

Actors

Actors are performers who portray characters in film, television, theater, or other performance settings, using their talent to convey the story to the audience.

Personality

The combination of characteristics or qualities that form an individual's distinctive character.