Multiple Choice
Figure 4.6
-Figure 4.6 illustrates a set of supply and demand curves for a product.When the economy moves from point B to point A,there has been
A) an increase in supply and an increase in demand.
B) a decrease in supply and a decrease in quantity demanded.
C) an increase in quantity supplied and an increase in demand.
D) an increase in quantity supplied and an increase in quantity demanded.
Correct Answer:
Verified
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