FIGURE 3-6 -Refer to Figure 3-6.If the Initial Demand and Supply Curves

question 149

Multiple Choice

FIGURE 3-6
-Refer to Figure 3-6.If the initial demand and supply curves are D₁ and S₁,and demand shifts to D₂,then

• A)a permanent shortage of X will result.
• B)a surplus of Q₁Q₃ will occur.
• C)a shortage will occur at any price above P₃.
• D)if price remained at P₂,a shortage of Q₁Q₃ would exist.
• E)all of the above

Examine different forms of government and their efficacy in promoting the well-being of citizens.

Investigate the balance between individual freedom and societal security.

Understand the historical and philosophical perspectives on the nature of beauty and art.

Assess the role of emotions and beliefs in the appreciation of art.

---

Definitions:

Refined Sugar

Sugar that has undergone a process to remove impurities and is typically used as a sweetener in food products.

Constrained Resource

A limited resource within a production process that can restrict the output or efficiency of the manufacturing operations.

Constrained Machine

A resource in the manufacturing process that limits the total output because it has the lowest capacity of any of the resources.

Joint Production Process

A manufacturing operation that simultaneously produces two or more outputs from a common input or process.