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

Question

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An increase in supply would shift the supply curve to the right, and a decrease in demand would shift the demand curve to the left, both leading to a movement from a higher price and quantity point (a) to a lower price and quantity point (c).

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