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QUESTION IMAGE

the law of supply and demand ssignment active supply and demand curves …

Question

the law of supply and demand
ssignment active
supply and demand curves
supply and demand equilibrium
as a result of the development shown on this graph,
prices should
rise
fall
remain the same
(graph: supply and demand equilibrium with price on y - axis, quantity on x - axis, demand curve (downward - sloping), supply curves s₁ (shifted to s₂, rightward), equilibrium points at (q₁, p₁) for s₁ and (q₂, p₂) for s₂, with p₂ < p₁)

Explanation:

Brief Explanations

In the supply - demand graph, the supply curve shifts from \(S_1\) to \(S_2\) (a rightward shift, indicating an increase in supply). The demand curve remains unchanged. At the new equilibrium (where the new supply curve \(S_2\) intersects the demand curve), we can observe that the price level moves from \(P_1\) to \(P_2\), and \(P_2

Answer:

fall