Exhibit 4-2 Supply and Demand Curves

question 52

Multiple Choice

Exhibit 4-2 Supply and demand curves
Beginning from an equilibrium at point E₁ in Exhibit 4-2, an increase in demand for good X, other things being equal, would move the equilibrium point to:

• A) E₁, no change.
• B) E₂.
• C) E₃.
• D) E₄.

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