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Author Question: Refer to the above figure. Suppose the demand curve shifts from DA to DB, while the supply curve ... (Read 158 times)

go.lag

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on: Jun 29, 2018
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.

Question 2

Which factor of production includes water?
 
  A) physical capital
  B) human capital
  C) land
  D) entrepreneurship


kjohnson

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


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