Question

1. S1 shows a change as a result of price. Is this a change in supply or change in quantity

supplied? Change in quantity supplied

2. D1 to D2 shows a change. Is this a change in demand or change in quantity demanded?
Change in demand

3. What is the D1 equilibrium price? $2500

4. What is the D2 market clearing price? $4000

5. What is the quantity supplied and demanded at the D1 and D2 equilibrium price?

6. What is the quantity demanded (D1 & D2) and supplied (S1) at $10,000? 13,000

7. What is the quantity supplied and demanded at $1000?

8. What could have caused the shift from D2 to D3 (non-price factors)

Answer 1

Answer: yes

Step-by-step explanation:

so basically i need points