Use the figure below to answer the following question.

Figure 12.5.1
-Refer to Figure 12.5.1.Given the increase in market demand from D? to D?,the graph represents

Question

Use the figure below to answer the following question.
  
Figure 12.5.1
-Refer to Figure 12.5.1.Given the increase in market demand from D? to D?,the graph represents

Quizplus · Accepted Answer

An increase in market demand causes an increase in equilibrium price and quantity. In an increasing cost industry, as output increases, cost per unit also increases, which leads to an increase in price. Therefore, the graph represents an increasing cost industry.

Use the Figure Below to Answer the Following Question