Figure 4-7 -Refer to Figure 4-7.If the Demand Curve for Good X

question 43

Multiple Choice

Figure 4-7
-Refer to Figure 4-7.If the demand curve for Good X shifts from Db to Da,then

• A)firms would be willing to supply more of Good X than before at each possible price.
• B)people are willing to buy less of Good X than before at each possible price.
• C)people's incomes must have increased.
• D)the price of Good X has increased.

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Definitions:

Illegal Immigration

The act of moving into or residing in a country without the permission required under immigration laws.

Illegal Immigrant Workers

Illegal immigrant workers are individuals working in a country without the legal permission or visa required to do so by that country.

Equilibrium

A state in a market or economy where demand equals supply, resulting in stable prices and quantities.

Hired

The process of engaging an individual to perform services or work in exchange for compensation.