Question 20 Use the following graph to answer questions 20–25. For the graph above, which of the following represents the movement of a change in quantity demanded with unchanged demand? Question 20 options: a) Point a to point c b) Point a to point e c) Point a to point b d) None of the above represents a change in the quantity demanded with an unchanged demand. Question 21 In the graph above, if D2 is the demand curve, then a price of P3 would result in which of the following? Question 21 options: a) A surplus of Q3 – Q1 b) A shortage of Q4 – Q3 c) A surplus of Q4 – Q0 d) A shortage of Q3 – Q1 Question 22 In the graph above, if D2 is the original demand curve for a normal good and income decreases, which price and quantity may result? Question 22 options: a) Point c, with price P3 and quantity Q3 b) Point a, with price P2 and quantity Q2 c) Point b, with price P1 and quantity Q1 d) Point d, with price P1 and quantity Q3 Question 23
Question 20
Use the following graph to answer questions 20–25.
For the graph above, which of the following represents the movement of a change in quantity demanded with unchanged
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Question 21
In the graph above, if D2 is the demand curve, then a
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Question 22
In the graph above, if D2 is the original demand curve for a normal good and income decreases, which price and quantity may result?
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Question 23
In the graph above, if D2 is the original demand curve and the price of a substitute in consumption rises, which price and quantity may result?
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Question 24
In the graph above, if D2 is the original demand curve and consumers come to expect that the price of the good will rise in the future, which price and quantity may result?
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Question 25
In the graph above, if D2 is the original demand curve and the population falls, which price and quantity may result?
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