Figure 3.5.1 Use the Figure Below to Answer the Following Questions

question 160

Multiple Choice

Figure 3.5.1
Use the figure below to answer the following questions.

-If the demand curve is D₂ in Figure 3.5.1,

• A) the equilibrium price is P₂ and the equilibrium quantity is Q₂.
• B) the equilibrium price is P₂ and the equilibrium quantity is .
• C) there is a shortage in the amount of Q₂ - Q₁.
• D) a rise in price will shift the demand curve to D₃.
• E) the price will rise.

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