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Author Question: Refer to the information provided in Figure 4.2 below to answer the question(s) that follow. Refer ... (Read 12 times)

APUS57

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on: Apr 19, 2019

Refer to the information provided in Figure 4.2 below to answer the question(s) that follow.













Refer to Figure 4.2. The market is initially in equilibrium at the intersection of 
S
2 and 
D
, and supply shifts from 
S
2 to 
S
1. Which of the following statements is 
true?


◦ Price will still serve as a rationing device causing quantity demanded to rise from 8 to 11 soft pretzels.
◦ There is no need for price to serve as a rationing device in this case because the new equilibrium quantity is lower than the original equilibrium quantity.
◦ Price will still serve as a rationing device causing quantity supplied to fall from 8 to 4 soft pretzels.
◦ The market cannot move to a new equilibrium until there is also a change in supply.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by APUS57 on Apr 19, 2019

cassie_ragen

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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APUS57

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Reply #2 on: Apr 19, 2019
Thank you!


cassie_ragen

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Reply #3 on: Apr 19, 2019
Always glad to help...


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