Multiple Choice
In the figure above,if point "a" represents the original equilibrium and point "b" the new equilibrium,then
A) there has been an increase in supply.
B) there has been an increase in demand.
C) there has been a change in the quantity supplied and no change in supply.
D) Both answers B and C are correct.
E) Both answers A and B are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q279: The supply schedule<br>A) shows the relationship between
Q280: It is expected that the price of
Q282: The "law of demand" refers to the
Q283: If the number of companies producing memory
Q285: If the costs of producing pizza increase,which
Q286: An increase in the number of producers
Q287: If good weather conditions result in a
Q288: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The graph illustrates
Q289: When there is a surplus of snowboards,the<br>A)
Q503: Suppose that the number of companies selling