help me tutors (choose answer correctly) not neccessarily to explan. 1. Evaluate the movement from point A to point B on the graph shows.  a. decrease in demand.             b. decrease in quantity demanded. c. an increase in quantity demanded. d. an increase in demand.  2. According to the graph, what are equilibrium price and quantity.  a. $7, 20            b. $5, 40 c. $7, 60             d. $3, 60

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter5: Buying The Necessities
Section: Chapter Questions
Problem 14AA
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help me tutors (choose answer correctly) not neccessarily to explan.

1. Evaluate the movement from point A to point B on the graph shows. 

a. decrease in demand.            
b. decrease in quantity demanded.
c. an increase in quantity demanded.
d. an increase in demand. 

2. According to the graph, what are equilibrium price and quantity. 

a. $7, 20           
b. $5, 40
c. $7, 60            
d. $3, 60

Price
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Transcribed Image Text:Price $8 7 6 5 4 3 2 1 10 20 30 40 50 60 70 80 Quantity
Price
P₁
P₂
Q₁
B
Q2
Quantity
Transcribed Image Text:Price P₁ P₂ Q₁ B Q2 Quantity
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Publisher:
Glencoe/McGraw-Hill School Pub Co