Assume the graph shown represents the market for pizzas sold in an hour. If the original equilibrium was D and S1. Which of the following is true when S1 shifted to S2?
A. Equilibrium price increased by $5.
B. Equilibrium quantity increased by 20.
C. Equilibrium quantity increased by 30.
D. Equilibrium price decreased by $5.
Answer: D
Economics
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Economics