Refer to the Graphs Above

question 78

Multiple Choice

Refer to the graphs above. Which of the following best represents negative demand shock when prices are inflexible?

• A) The shift from D₂ to D₃ in graph B
• B) The shift from D₂ to D₃ in graph A
• C) The shift from D₂ to D₁ in graph B
• D) The shift from D₂ to D₁ in graph A

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