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Exhibit 4-2  Supply and Demand Curves Beginning from an Equilibrium

Question 160

Multiple Choice

Exhibit 4-2  Supply and demand curves Exhibit 4-2  Supply and demand curves Beginning from an equilibrium at point E<sub>1</sub> in Exhibit 4-2, an increase in demand for good X, other things being equal, would move the equilibrium point to: A) E<sub>1</sub>, no change. B) E<sub>2</sub>. C) E<sub>3</sub>. D) E<sub>4</sub>. Beginning from an equilibrium at point E1 in Exhibit 4-2, an increase in demand for good X, other things being equal, would move the equilibrium point to:


A) E1, no change.
B) E2.
C) E3.
D) E4.

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