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Narrbegin Exhibit 4

Question 20

Multiple Choice

Narrbegin Exhibit 4.2 Supply and demand curves Narrbegin Exhibit 4.2 Supply and demand curves -The market shown in Exhibit 4.2 is initially in equilibrium at E<sub>3</sub>. Changes in market conditions result in a new equilibrium at E<sub>4</sub>. This change is stated as a/an: A) increase in demand and an increase in supply. B) decrease in demand and a decrease in quantity supplied. C) increase in quantity demanded and an increase in quantity supplied. D) increase in supply and an increase in quantity demanded.
-The market shown in Exhibit 4.2 is initially in equilibrium at E3. Changes in market conditions result in a new equilibrium at E4. This change is stated as a/an:


A) increase in demand and an increase in supply.
B) decrease in demand and a decrease in quantity supplied.
C) increase in quantity demanded and an increase in quantity supplied.
D) increase in supply and an increase in quantity demanded.

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