202- SB A graph showing price and quantity per month.... Price $1000 1600 1400 1200 1000 800 000 400 200 0 40 BO 120 160 200 240 Time left 0:17:26 Quantity per month Refer to the graph above to answer this question. What is the effect if the price is $1,200? Oo. Price will rise. b. The quantity supplied is 160. Oc. The quantity demanded is 120. Od. The quantity traded is 120.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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202-
SB A graph showing price and quantity per month...
Price
$1000
1600
1400
1200
1000
800
000
400
200
0
40 BO 120 160 200 240
Time left 0:17:26
Quantity per month
Refer to the graph above to answer this question. What is the effect
if the price is $1,200?
Oo. Price will rise.
b. The quantity supplied is 160.
Oc. The quantity demanded is 120.
Od. The quantity traded is 120.
Transcribed Image Text:202- SB A graph showing price and quantity per month... Price $1000 1600 1400 1200 1000 800 000 400 200 0 40 BO 120 160 200 240 Time left 0:17:26 Quantity per month Refer to the graph above to answer this question. What is the effect if the price is $1,200? Oo. Price will rise. b. The quantity supplied is 160. Oc. The quantity demanded is 120. Od. The quantity traded is 120.
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