Refer to the information provided in Figure 3.19 below to answer the question(s) that follow.


Refer to Figure 3.19. The market is initially in equilibrium at Point
A. If supply shifts from
S
1 to
S
2, the new equilibrium price will be ________ and the new equilibrium quantity will be ________.
◦ $5.00; 4
◦ $5.00; 10
◦ $7.00; 6
◦ $7.00; 7