-Refer to the Graph Above to Answer This Question

question 145

Multiple Choice

-Refer to the graph above to answer this question.What would be the new equilibrium price and quantity if demand increased by 60?

• A)$1,600 and 120.
• B)$1,400 and 140.
• C)$1,200 and 160.
• D)$1,000 and 140.
• E)$1,000 and 180.

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Definitions:

Pay To The Order

A directive on a financial instrument instructing the payment to the individual or entity whose name follows.

Notice

A formal communication or announcement given to a party, usually in writing, about an action or condition.

UCC

A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across American states.

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Direct awareness or understanding of a fact, without needing to infer from other facts.