Exhibit 5-3 Use the following information about demand and supply schedules to answer the question. Refer to Exhibit 5-3.Suppose that D₁ and S₁ are the prevailing demand and supply curves for a product.If the demand schedule changes from D₁ to D₂,then: A) equilibrium price decreases from $6 to $4. B) equilibrium quantity decreases from 15 to 13. C) equilibrium quantity increases from 13 to 18. D) equilibrium price increases from $6 to $8.

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The Answer of Exhibit 5-3 Use the following information about demand and supply schedules to answer the question. Refer to Exhibit 5-3.Suppose that D₁ and S₁ are the prevailing demand and supply curves for a product.If the demand schedule changes from D₁ to D₂,then: A) equilibrium price decreases from $6 to $4. B) equilibrium quantity decreases from 15 to 13. C) equilibrium quantity increases from 13 to 18. D) equilibrium price increases from $6 to $8.

Exhibit 5-3 Use the Following Information About Demand and Supply