-Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in supply and an increase in quantity demanded are represented by a movement from

Question

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An increase in supply shifts the supply curve to the right, and an increase in quantity demanded shifts the demand curve to the right. The movement from point a to point b represents both of these shifts.

-Figure 45 Illustrates a Set of Supply and Demand Curves for for Hamburgers