Multiple Choice
Use the following to answer question(s) : Simultaneous Shifts in Demand and Supply
-(Exhibit: Simultaneous Shifts in Demand and Supply) D₁ and S₁ are original supply and demand curves, and S₂ and D₂ are new curves.In this market for a normal good:
A) supply has increased and price has increased.
B) demand has increased and price has increased.
C) demand has decreased and price has fallen.
D) demand has increased and price has fallen.
Correct Answer:
Verified
Correct Answer:
Verified
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