-Given That Demand Shifts from D1 to D2,the Equilibrium Price

question 175

Multiple Choice

-Given that demand shifts from D1 to D2,the equilibrium price will

• A) rise to $10.
• B) fall to $9.
• C) rise to $9.
• D) fall to $6.
• E) remain unchanged.

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Definitions:

Unemployment

The situation where individuals who are capable of working and are actively seeking work are unable to find employment.

Output

The total amount of goods and services produced by an economy over a certain period of time.

Money Supply

The money supply is the total amount of monetary assets available in an economy at a specific time, including cash, bank deposits, and other liquid assets.

Federal Budget Surpluses

Occurs when a government's revenue exceeds its expenditures during a given fiscal period.