Multiple Choice
The product is a normal product.
-Refer to the graph above to answer this question.Which of the following statements is correct?
A) Both ab and ac represent an increase in the quantity demanded.
B) Both ab and ac represent an increase in demand.
C) While ab represents an increase in demand,ac represents an increase in supply.
D) While ac represents an increase in demand,ab represents an increase in the quantity supplied.
E) Both ab and cb represent an increase in demand.
Correct Answer:

Verified
Correct Answer:
Verified
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