Refer to the above figure. Suppose the demand curve shifts from DA to DB, while the supply curve remains at SA. Which of the following statements is FALSE?
A) There has been an increase in demand.
B) Supply has increased.
C) More consumers in the market might have caused the demand curve to shift.
D) The new equilibrium price is P2, and the new equilibrium quantity is F.
B
Economics
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Employing the data from Figure 2-2, income Y is equal to
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While GDP includes tangible goods such as books and bug spray, it excludes intangible services such as the services provided by teachers and exterminators
a. True b. False Indicate whether the statement is true or false
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