Question 1 Not yet answered Marked out of 1.00 P Flag question Price Quantity Refer to the diagram. A decr…
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Question “Question 1 Not yet answered Marked out of 1.00 P Flag question Price Quantity Refer to the diagram. A decr…”
Answer
1.A decreased supply is represented by a shift to the left in the supply curve.
Answer-B
2. A market is an exchange of goods and services between buyers and sellers.
Answer-A
3. The supply curve illustrates the direct relationship between quantity and price.
Answer-A
4. An increase in the price leads to an upward movement of the supply curve.
Answer-B
We are not required to answer the first four questions.
Conclusion
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