Refer to the Information Provided in Figure 3

question 100

Multiple Choice

Refer to the information provided in Figure 3.19 below to answer the question(s) that follow. Figure 3.19
-Refer to Figure 3.19. The market is initially in equilibrium at Point B. If supply shifts from S_{2 to} S₁, the equilibrium price will change from ________ and the equilibrium quantity will change from ________.

• A) $5.00 to $7.00; 10 to 7
• B) $5.00 to $7.00; 4 to 7
• C) $7.00 to $5.00; 7 to 4
• D) $7.00 to $5.00; 7 to 10

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Definitions:

Benzene

A colorless, flammable liquid hydrocarbon with a distinct sweet smell, known for its carcinogenic properties and widespread use as a precursor in the manufacture of various chemicals.

Toluene

A colorless, water-insoluble liquid hydrocarbon with a sweet smell, used as an industrial solvent and in the production of benzene.

Stereogenic Center

An atom in a molecule, often carbon, that is connected to four different groups, giving rise to stereoisomers due to the spatial arrangement of these groups.