Changes in quantity will indicate a shift in the supply curve or demand curve. Which of the following choices best describes the shifts?An increase is reflected by the curve staying the same. An increase is reflected by a shift to the left, and a decrease is reflected by a shift to the right. An increase is reflected by a shift to the right, and a decrease is reflected by a shift to the left. A decrease is reflected by the curve staying the same.

Movements along the supply or demand curve in response to price changes are referred to as changes…

Answered: Changes in quantity will indicate a…

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter8: Understanding Markets And Industry Changes

Section: Chapter Questions

Problem 3MC

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Question

Changes in quantity will indicate a shift in the supply curve or demand curve. Which of the following choices best describes the shifts?

An increase is reflected by the curve staying the same.
	An increase is reflected by a shift to the left, and a decrease is reflected by a shift to the right.
	An increase is reflected by a shift to the right, and a decrease is reflected by a shift to the left.
	A decrease is reflected by the curve staying the same.