The movement from point S to point T is caused by an increase in the demand for the item. O a decrease in the price of the item. an increase in the price of the item. O a decrease in the demand for the item.

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter3: Market Demand And Supply
Section: Chapter Questions
Problem 2SQP
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(Figure: Graph) Refer to the graph to answer the question.
Price
S
M
P
Quantity
The movement from point S to point T is caused by
an increase in the demand for the item.
a decrease in the price of the item.
an increase in the price of the item.
a decrease in the demand for the item.
Transcribed Image Text:(Figure: Graph) Refer to the graph to answer the question. Price S M P Quantity The movement from point S to point T is caused by an increase in the demand for the item. a decrease in the price of the item. an increase in the price of the item. a decrease in the demand for the item.
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