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Exhibit 16-4 -Refer to the Graph in the Exhibit.Suppose British Incomes Rise

Question 83

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Exhibit 16-4
Exhibit 16-4 -Refer to the graph in the exhibit.Suppose British incomes rise relative to Canadian incomes.How will the graph change?   A)  The demand curve will shift from D₁ to D₂.  B)  The demand curve will shift from D₂ to D₁.  C)  The supply curve will shift from S₁ to S₂.  D)  The supply curve will shift from S₂ to S₁.
-Refer to the graph in the exhibit.Suppose British incomes rise relative to Canadian incomes.How will the graph change?  


A)  The demand curve will shift from D₁ to D₂. 
B)  The demand curve will shift from D₂ to D₁. 
C)  The supply curve will shift from S₁ to S₂. 
D)  The supply curve will shift from S₂ to S₁.

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