Help Save & Exit In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X: (2) the equilibrium price (A of X; and (3) the equilibrium quantity (@ of X. An increase in the prices of resources used to produce X will Multiple Choice O Increase D, Increase P. and increase Q. O decrease S. increase P. and decrease Q O decrease S. decrease P and decrease Q. O increase 5, increase P and increase QPrice Quantity Refer to the diagram, In which $1 and Dj represent the original supply and demand curves and $2 and D2 the new curves. In this market the indicated shift in supply may have been caused by Multiple Choice O an increase in consumer incomes. O this product becoming less fashionable. C an increase in the wages paid to workers producing this good. 62 DI 0 Quantity 00:35:16 Refer to the diagram, In which S and Of represent the original supply and demand curves and $2 and ? the new curves. In this market the Indicated shift in supply may have been caused by Multiple Choice O Inn Increase in consumer incomes O "this product becoming less fashion sole. O an Increase in the wages paid to workers producing this good: O the development of more efficient machinery for producing this commodity63 Price Quantity Refer to the diagram, in which S, and Dj represent the original supply and demand curves and $2 and Da the new curves, In this market the indicated shift in demand may have been caused by63 Gunntity 200-3458 Refer to the diagram, in which S, and Dj represent the original supply and demand curves and $2 and D2 the new curves. In this market the indicated shift in demand may have been caused by Mobple Choice O a decline in the price of a subjutute good O in increase In incomes if the product in anunderdor good. O a decline in the number of buyers in the market. O in increase in incomes if the product is a normal goodThe socially optimal amount of pollution abatement occurs where society's marginal Multiple Choice O benefit of abatement exceeds its marginal cost of abatement by the greatest amount. O benefit of abatement equals its marginal cost of abatement. O benefit of abatement is zero. O cost of abatement is at Its maximum