Principles of Macroeconomics 7th Edition

Published by South-Western College
ISBN 10: 1-28516-591-8
ISBN 13: 978-1-28516-591-2

Chapter 4 - The Market Forces of Supply and Demand - Problems and Applications - Page 87: 2

Answer

The statement is false.

Work Step by Step

The increase in demand for notebooks results in an increased quantity supplied. Therefore, an increase in demand is going to be most of the times followed by an increase in quantity supplied. The only way the statement would be true is if the supply curve was a vertical line.
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