Figure 2.4

-In Figure 2.4, given S₁, if demand shifts from D₁ to D₂, which of the following is not correct?

Question

Figure 2.4 -In Figure 2.4, given S₁, if demand shifts from D₁ to D₂, which of the following is not correct?

Quizplus · Accepted Answer

The correct answers indicate that when demand increases, the equilibrium quantity and price will both rise, which is consistent with basic economic principles. However, the quantity supplied rising to a specific point labeled "F" is incorrect without further context, as "F" could refer to a price point rather than a quantity. The other options correctly describe the effects of an increase in demand on the market equilibrium.

Figure 2.4 -In Figure 2.4, Given S1, If Demand Shifts from D1

Figure 2.4 -In Figure 2.4, Given S₁, If Demand Shifts from D₁