In the Figure Given Below D₁ and S₁ Are the Original

question 63

Multiple Choice

In the figure given below D₁ and S₁ are the original demand and supply curves. Figure 3.1

-Refer to Figure 3.1.If demand shifts from D₁ to D₂ and supply shifts from S₁ toS₂:

• A)equilibrium price will rise to F,but equilibrium quantity will remain at B
• B)equilibrium price will move to C and equilibrium quantity to G
• C)demand will decrease and supply will increase.
• D)equilibrium price will rise to G,and equilibrium quantity will remain at B
• E)both equilibrium price and equilibrium quantity will decrease.

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