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

question 192

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) supply has decreased and equilibrium price has increased.
• B) demand and Supply have increased and equilibrium price has decreased.
• C) demand has decreased and equilibrium price has decreased.
• D) demand has increased and equilibrium price has increased.

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