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Take Quiz I Consider Figure 1 below. The labels of Q on the xiaxis are ambiguous on purpose. because you will have to dene them.

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Take Quiz I Consider Figure 1 below. The labels of Q on the xiaxis are ambiguous on purpose. because you will have to dene them. Refer to Figure 1 as you answer the following questions. I Queson 2 Refer to Figure 1. 12:501 Take Quiz Exit D Question 5 1 pts Refer to Figure 1. If the price moves from P1 to P2, choose everything that is happening below (there's more than one thing that needs to be chosen). Hint: be sure to you know the difference between a change in quantity demanded or supplied vs. a change in demand or supply! O Quantity demanded is increasing O Quantity demanded is decreasing O Quantity supplied is increasing O Quantity supplied is decreasing O Demand is increasing O Demand is decreasing O Supply is increasing O Supply is decreasing Question 6 1 pts

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