In the figure above,if point "a" represents the original equilibrium and point "b" the new equilibrium,then
A) there has been an increase in supply.
B) there has been an increase in demand.
C) there has been a change in the quantity supplied and no change in supply.
D) Both answers B and C are correct.
E) Both answers A and B are correct.

Question

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The Answer of In the figure above,if point "a" represents the original equilibrium and point "b" the new equilibrium,then
A) there has been an increase in supply.
B) there has been an increase in demand.
C) there has been a change in the quantity supplied and no change in supply.
D) Both answers B and C are correct.
E) Both answers A and B are correct.

In the Figure Above,if Point "A" Represents the Original Equilibrium