Refer to the Above Graph

question 141

Multiple Choice

Refer to the above graph. If the demand increased, then

• A)price and quantity would both increase.
• B)price and quantity would both decrease.
• C)price would stay the same and total revenues of sellers would stay the same.
• D)price would stay the same and total revenues of sellers would increase.

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Definitions:

Soviet Union

Formerly the largest country in the world by area, encompassing multiple republics under a communist government, influential in 20th-century global politics, economy, and culture before its dissolution.

Cuba

An island country in the Caribbean known for its significant history, music, and cigars.

Iron Curtain

A term used to describe the division between Western Europe and the Soviet-controlled regions, symbolizing the ideological conflict and physical boundary separating them during the Cold War.

Franklin Roosevelt

The 32nd President of the United States (1933-1945), known for leading the country during the Great Depression and World War II through his New Deal policies.