Question: :7. Refer to the graph above to answer this question. What would be the new equilibrium price and quantity if demand increased by 60'? A.

:7. Refer to the graph above to answer this question. What would be the new equilibrium price and quantity if demand increased by 60'? A. $1,600 and 120. B. $1,400 and 140. C. $1 ,200 and 160. D. $1,000 and 140. E. $1,000 and 180

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