Refer to the graph, in which Dt is the transactions demand for money, Dm is the total demand for money, and Sm is the supply of money. The market is initially in equilibrium at a 6 percent rate of interest. If the supply of money increases as shown, then the asset demand for money will increase by:

If sellers decide to sell more calculators by mass producing them and lowering the price so consumers will buy more, the supply and demand curves will both shift to the right

a. True b. False

In a market system, the answer to the "for whom to produce" economic question is that goods are allocated to those with the willingness and ability to pay, as expressed through market demand

Indicate whether the statement is true or false