Answer to Question #274559 in Microeconomics for Amrutha

Question

"Draw Demand/Supply curves for the following shifts in demand and supply:

Demand shifts but supply does not shift

Supply shifts but demand does not shift

Supply decreases and demand increases

Supply increases and demand increases"

Answer 1

a)Demand shifts but supply does not shift

b)Supply shifts but demand does not shift

c)Supply decreases and demand increases

d)Supply increases and demand increases