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

question 35

Multiple Choice

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

• A) rise to 6 units.
• B) fall to 6 units.
• C) rise to 9 units.
• D) fall to 5 units.
• E) remain unchanged.

---

Definitions:

Labor

The measure of the work done by human beings in the economy, often referred to in terms of hours worked or total workforce.

Capital

Refers to the financial assets or resources that businesses use to fund their operations and grow, including cash, equipment, and buildings.

Increasing Returns

A concept in economics where an increase in the scale of production leads to a greater than proportional increase in output.

Copper Mines

Sites or locations where copper ore is extracted from the earth for commercial value and industrial use.