-Figure 4.5 illustrates a set of supply and demand curves for hamburgers. A decrease in demand and a decrease in quantity supplied are represented by a movement from

Question

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A decrease in demand is represented by a movement up along the supply curve (indicating a lower quantity is demanded at each price), and a decrease in quantity supplied is represented by a movement left along the demand curve (indicating a lower quantity is supplied at each price). Point b to point c captures both these movements.

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