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13. A supply and demand puzzle The following graph shows the market for pianos in 2008....

13. A supply and demand puzzle


The following graph shows the market for pianos in 2008 . Between 2008 and 2009, the equilibrium price of pianos remained constant, but the equilibrium quantity of pianos increased. From this, you can conclude that between 2008 and 2009, the supply of pianos _______ and the demand for pianos _______ 


Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2009 .

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Answer #1

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