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Author Question: FIGURE 3-6Refer to Figure 3-6. If the demand curve shifts fromD1toD2, while supply remains atS1, one ... (Read 46 times)

hannahmadyronde

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on: Oct 12, 2022

Question 1




FIGURE 3-6

Refer to Figure 3-6. If the initial demand and supply curves are D1 and S1, equilibrium price and quantity are represented by point


◦ A.
◦ B.
◦ C.
◦ D.
◦ Not shown in the figure.

Question 2




FIGURE 3-6

Refer to Figure 3-6. If the demand curve shifts from D1 to D2, while supply remains at S1, one could say that


◦ the price of a good which is a substitute for X must have fallen.
◦ the price increase has caused an increase in quantity demanded.
◦ the quantity demanded has decreased to Q1 and price has fallen to P2.
◦ there has been an increase in demand for X.
◦ there is now an excess demand at the new price of P1.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by hannahmadyronde on Oct 12, 2022

hariet5

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Reply #1 on: Oct 12, 2022
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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hannahmadyronde

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

xoxo123

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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