Figure 3-22 Refer to Figure 3-22. Suppose the Events Depicted in Graphs

question 321

Multiple Choice

Figure 3-22



Refer to Figure 3-22. Suppose the events depicted in graphs A and C were illustrated together on a single graph. A definitive result of the two events would be

• A) an increase in the equilibrium quantity.
• B) an increase in the equilibrium price.
• C) an instance in which the law of demand fails to hold.
• D) All of the above are correct.

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