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Shifting of demand and supply curves.

Answer in true or false also if the statement is false, change it to make it true. Elucidate your answers on a demand and supply graph.

1. An increase in supply is represented by a movement up the supply curve.

2. An increase in demand is represented by a movement up the demand curve.

3. An increase in demand without any changes in supply will cause the price to rise.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M918070

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