The Figure Given Below Shows the Demand Curves [D₁ and D₂]

question 93

Multiple Choice

The figure given below shows the demand curves [D₁ and D₂] and the supply curve [S₁] of capital.Figure 17.1

-In Figure 17.1, if the price set in the market is P₃ when the demand curve is D₁, then:

• A)the market will be in equilibrium.
• B)there will be an excess demand for capital of the amount Q₄ - Q₁.
• C)there will be a shortage of capital in the market by the amount Q₄ - Q₂.
• D)there will be a surplus of capital in the market by the amount Q₃ - Q₁.
• E)there will be a surplus of capital in the market by the amount Q₃ - Q₂.

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Definitions:

Changing A Habit

The process of modifying or replacing an established behavior pattern with a new one.

Food Pyramid

A graphical representation designed to illustrate the proportions of different types of food that should be consumed to maintain a healthy diet.

Healthy Diet

A balanced intake of nutrition that supports the body's needs for growth, maintenance, and overall health, typically involving a variety of foods rich in different nutrients.

Breaking A Habit

The process of ending a repetitive behavior or pattern that is considered negative or harmful.