-Refer to the Information Above to Answer This Question

question 128

Multiple Choice

-Refer to the information above to answer this question.Assume that the market was at equilibrium and that demand increases by 20 units.What will be the new equilibrium price and quantity?

• A)Price will rise by $2 and quantity traded will rise by 20 units.
• B)Price will fall by $2 and quantity traded will fall by 20 units.
• C)Price will rise by $1 and quantity traded will rise by 10 units.
• D)Price will fall by $1 and quantity traded will fall by 10 units.

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