Principles of Microeconomics
Solutions
Principles of Microeconomics
An increase in _______ will cause a movement along a given demand curve, which is called a change in _______.
a. supply, demand
b. supply, quantity demanded
c. demand, supply
d. demand, quantity supplied
Option (b):
An increase in supply implies supply curve shifting to the right, which pushes the price down, which results in movement along the demand curve which is the change in quantity demanded. Thus, option ‘b’ is correct.
Option (a):
A change in demand implies a shift of the demand curve, which does not occur due to in the increase supply. So option ‘a’ is incorrect...
Chapter 4 Solutions
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