1. An increase in demand is represented by a movement up the demand curve.
2. An increase in supply is represented by a movement up the supply curve.
3. An increase in demand without any changes in supply will cause the price to rise,
4. An increase in supply without any changes in demand will cause the price to rise.Answer True or False, if statement is false change it and make it true?
True
True
True
False
An increase in supply without any changes in demand will cause the price to fall.
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