Question: Based on the following graph, please place a T or F in the blank appearing by each statement: ___________ There has been an increase in

Based on the following graph, please place a T or F in the blank appearing by each statement:

___________ There has been an increase in the quantity demanded.

___________ Consumers are better off economically if area 4 is greater than area 2.

___________ Producers will be better off by the value of area 2 + area 3.

___________ This figure illustrates the effects of domestic demand enhancement.

___________ Society as a whole will be better off by the value of area 3 + area 4.

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