Question: 55. The market is initially in equilibrium at Point A. If supply shifts from S1 to S2 and there is an excess demand of

55. The market is initially in equilibrium at Point A. If supply

55. The market is initially in equilibrium at Point A. If supply shifts from S1 to S2 and there is an excess demand of 6 cheeseburgers, the price of cheeseburgers will have A). B) C) moved from S7.00 to S5.00. moved from $5.00 to S7.00 O remained constant at $5.00. O remained constant at S7.00 7 89 10 I 12 Cheeseburgers (s) aoa

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