-In Figure 3-8,using the Supply and Demand Curves Denoted S₁

question 34

Multiple Choice

-In Figure 3-8,using the supply and demand curves denoted S₁ and D₁,respectively,if demand were to increase to D₂ and the equilibrium price stayed the same there would be a

• A) surplus
• B) new equilibrium at 50,000
• C) shortage
• D) new equilibrium at 100,000
• E) new equilibrium at 75,000

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