True or False: An increase in the demand for notebooks raises the quantity of notebooks demanded but not the quantity supplied.

Generally speaking, the statement is false considering the demand and supply curve. In this curve, when there is increase in demand, its implies that the consumers of the notebook still derived satisfaction on it and as such the producer of the notebook produces more and supply to the market will increase so that equilibrium point will be achieved. Until when law of diminishing return set in, and the people are not deriving satisfaction again, that is when the product may not be readily available.

Again if the supply curve is vertical, that is the producer is producing and supplying at fixed rate without putting into consideration the demands in the market, there will not be corresponding increase in supply with demands which can make statement to true.

andromache andromache · Answer 2 · 2021-12-07T11:47:59+01:00

andromache andromache

07-12-2021

The given statement is false.

The following information should be considered:

When the demand for notebook increased so the demand should be shifted to rightward.
The quantity supplied should be increased.

Therefore, we can conclude that the given statement is false.

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