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astra-53 [7]
3 years ago
14

As a result of the shift from D to D1, which of the following is true? A. Equilibrium price increased while equilibrium quantity

decreased. B. Equilibrium price and equilibrium quantity both decreased. C. Equilibrium price and equilibrium quantity both increased. O D. Equilibrium price decreased while equilibrium quantity increased.

Social Studies
1 answer:
Paul [167]3 years ago
8 0

Answer:

B. Equilibrium price and equilibrium quantity both decreased

Explanation:

As we can see in the figure that there is a shift of the demand curve on the left side so it means it decrease the equilibrium price & equilibrium quantity. But if the shift of the demand curve is in the right side so this means that there is an increase in the equilibrium price & equilibrium quantity.

Since there is shift from D to D1 , so the option b is correct

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