-Refer to the above figure. Suppose the demand curve shifts from DA to DB, while the supply curve remains at SA. Which of the following statements is FALSE?
A)There has been an increase in demand.
B)Supply has increased.
C)More consumers in the market might have caused the demand curve to shift.
D)The new equilibrium price is P₂, and the new equilibrium quantity is F.

Question

-Refer to the above figure. Suppose the demand curve shifts from DA to DB, while the supply curve remains at SA. Which of the following statements is FALSE?
A)There has been an increase in demand. 
B)Supply has increased. 
C)More consumers in the market might have caused the demand curve to shift. 
D)The new equilibrium price is P₂, and the new equilibrium quantity is F.

Quizplus · Accepted Answer

The supply has not increased; only the demand curve has shifted from DA to DB, while the supply curve remains at SA.

-Refer to the Above Figure