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Figure 52

Question 36

Multiple Choice

Figure 5.2. The figure shows the supply and demand curves of a firm.
-Which of the following statements is true?

A) With an increase in the demand for health care, the quantity supplied increases but supply does not change.
B) With an increase in the demand for health care, the supply curve shifts to the right.
C) With an increase in the demand for health care, the supply curve shifts to the left.
D) With an increase in the demand for health care, the price of the product decreases.
E) With an increase in the demand for health care, the quantity supplied decreases but the supply does not change.

Correct Answer: