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

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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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
$8
7
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5
4
3
2
1
10 20
30 40 50 60 70 80
Quantity
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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