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Refer to the Information Provided in Figure 3

question 47

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Refer to the information provided in Figure 3.12 below to answer the questions that follow. Refer to the information provided in Figure 3.12 below to answer the questions that follow.   Figure 3.12 -Refer to Figure 3.12. The market is initially in equilibrium at Point B. If demand shifts from D2 to D1, the new equilibrium price will be ________ and the new equilibrium quantity will be ________. A)  $4.00; 350 B)  $3.00; 250 C)  $3.00; 400 D)  $4.00; 150 Figure 3.12
-Refer to Figure 3.12. The market is initially in equilibrium at Point B. If demand shifts from D2 to D1, the new equilibrium price will be ________ and the new equilibrium quantity will be ________.


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