-The Data Show the Quantity of Small Bungalows Sold in a Suburb

question 160

Multiple Choice

-The data show the quantity of small bungalows sold in a suburb of Toronto during the month of January.Based on the given data,we can conclude that

• A) the demand curve for bungalows must have shifted to the right,but the supply curve has not shifted.
• B) the supply curve for bungalows must have shifted to the right,but the demand curve has not shifted.
• C) there is a movement upward along the 1971 demand curve.
• D) there is a movement upward along the 1971 supply curve.
• E) both the demand curve and the supply curve of 1971 have shifted to the left.

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Definitions:

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