Figure: Demand-Driven Price Change Refer to the Figure

question 160

Multiple Choice

Figure: Demand-Driven Price Change Refer to the figure. When the demand curve shifts from D₀ to D₁, the equilibrium price rises to:

• A) $9 and the equilibrium quantity rises to 120.
• B) $9 and the equilibrium quantity rises to 160.
• C) $8 and the equilibrium quantity rises to 140.
• D) $8 and the equilibrium quantity rises to 160.

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