the figure given below represents the equilibrium price and output in the market

Question

the figure given below represents the equilibrium price and output in the market for restaurant meals and delivery meals. If the price in the delivery meals market remains at $10 but the demand shift to D2 which of the following situations will be observed?

A- people will be willing and able to purchase 75 units while only 60 units would be available

B- people will be willing and able to purchase 60 units while only 75 units would be available

C- people will be willing and able to purchase 75 units while only 50 units would be available

D- people will be willing and able to purchase 75 units while only 25 units would be available

E- people will be willing and able to purchase 50 units and producers would supply exactly 50 units

the figure given below represents the equilibrium price and output in the market for restaurant meals and delivery meals. If the price in the delivery meals market remains at $10 but the demand shift to D2 which of the following situations will be observed? A- people will be willing and able to purchase 75 units while only 60 units would be available B- people will be willing and able to purchase 60 units while only 75 units would be available C- people will be willing and able to purchase 75 units while only 50 units would be available D- people will be willing and able to purchase 75 units while only 25 units would be available E- people will be willing and able to purchase 50 units and producers would supply exactly 50 units

Explanation / Answer

C- people will be willing and able to purchase 75 units while only 50 units would be available

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.