The Following Figure Shows the Demand and Supply Curves for a Good

question 213

Multiple Choice

The following figure shows the demand and supply curves for a good. The initial demand curve is D₁ and the supply curve is S. Later, due to an external shock, the demand curve shifts to D₂.

-Refer to the figure above.What is the equilibrium quantity after the demand curve shifts to D₂?

• A) 20 units
• B) 30 units
• C) 35 units
• D) 50 units

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