Question: Table A table [ [ Price , D 1 , D 2 , S 1 , S 2 ] , [ $ 1 2
Table A
tablePriceDDSS$$$$$$
Refer to above table. Suppose that D and S are the prevailing demand and supply curves for a product. If the demand schedule changes from D to D then:
A equilibrium price decreases from $ to $
B equilibrium quantity decreases from to
C equilibrium quantity increases from to
D equilibrium price increases from $ to $
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