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Figure 4.6 -Figure 4.6 Illustrates a Set of Supply and Demand Curves

Question 234

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Figure 4.6 -Figure 4.6 illustrates a set of supply and demand curves for a product.When the economy moves from point B to point A,there has been: A) an increase in supply and an increase in demand. B) an decrease in supply and an decrease in quantity demanded. C) an increase in quantity supplied and an increase in demand. D) an increase in quantity supplied and an increase in quantity demanded. Figure 4.6
-Figure 4.6 illustrates a set of supply and demand curves for a product.When the economy moves from point B to point A,there has been:

A) an increase in supply and an increase in demand.
B) an decrease in supply and an decrease in quantity demanded.
C) an increase in quantity supplied and an increase in demand.
D) an increase in quantity supplied and an increase in quantity demanded.

Correct Answer: