Refer to the Above Diagram,in Which S₁ and D₁ Represent

question 121

Multiple Choice

Refer to the above diagram,in which S₁ and D₁ represent the original supply and demand curves and S₂ and D₂ the new curves.In this market:

• A) the equilibrium position has shifted from M to K.
• B) an increase in demand has been more than offset by an increase in supply.
• C) the new equilibrium price and quantity are both greater than they were originally.
• D) point M shows the new equilibrium position.

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Definitions:

Headwater Streams

The upper tributaries of a river system, crucial for maintaining the health of the entire ecosystem.

Ecological Services

The benefits that humans receive from natural ecosystems, including pollination, water purification, and climate regulation.

Economic Services

Economic services are activities that generate economic value or provide support to the economic infrastructure, including banking, retail, transportation, and healthcare.

Coastal Wetlands

Ecosystems located along coastlines where water and land meet, playing critical roles in flood protection, water purification, and providing habitat for diverse wildlife.