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-Refer to the Above Figure

Question 44

Multiple Choice

-Refer to the above figure. Suppose that the supply curve shifts from S<sub>A</sub> to S<sub>B</sub> while the demand curve remains at D<sub>A</sub>. Which of the following is true? A) Only quantity supplied has increased. B) Only quantity demanded has decreased. C) Supply has increased. D) Supply has decreased.
-Refer to the above figure. Suppose that the supply curve shifts from SA to SB while the demand curve remains at DA. Which of the following is true?


A) Only quantity supplied has increased.
B) Only quantity demanded has decreased.
C) Supply has increased.
D) Supply has decreased.

Correct Answer:

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