FIGURE 8-2 -Refer to Figure 8-2. Using Graph C (A Movement from C

question 35

Multiple Choice

FIGURE 8-2

-Refer to Figure 8-2. Using Graph C (a movement from D₀ to D₁) , which of the following statements does NOT describe the diagram?

• A) There has been an increase in supply in the market.
• B) The equilibrium price in the market has increased from P0 to P1.
• C) There has been an increase in demand in the market.
• D) There has been a change in quantity supplied from Q0 to Q1.

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