Assume the Graph Shown Represents the Market for Bottles of Wine

question 3

Multiple Choice

Assume the graph shown represents the market for bottles of wine and was originally in equilibrium with D and S.Something changes and demand shifts to D₂.Which of the following is true?

• A) Equilibrium price increased by $5.
• B) Equilibrium quantity increased by 20.
• C) Equilibrium price increased by $15.
• D) Equilibrium quantity increased by 30.

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Definitions:

Fraud Triangle

The fraud triangle is a model that explains the factors that lead individuals to commit fraud: pressure, opportunity, and rationalization.

Financial Pressure

The stress or strain on a company's cash flow or finances, which can impact its operational capabilities and financial stability.

Opportunity

A situation or condition favorable for the attainment of a goal.

Establishing Responsibility

The creation of clear roles and duties within an organization to ensure accountability and improve efficiency.