Question

question 11
points out of 1.00 flag question
exhibit 4-3 supply and demand curves
beginning from an equilibrium at point $e_2$ in exhibit 4-3, an increase in demand for good x, other things being equal, would move the equilibrium point to:
select one:
a. $e_1$
b. $e_4$
c. $e_2$
d. $e_3$

Explanation:

Starting at equilibrium $E_2$ (intersection of $D_1$ and $S_2$), an increase in demand shifts the demand curve rightward from $D_1$ to $D_2$. The new equilibrium is the intersection of $D_2$ and $S_2$, which is point $E_3$.

Answer:

d. $E_3$