Note: chat gpt answers will be given down vote. In recent years, there has been a growing trendtowards healthier eating, and this has led toincreased demand for brown bread. A 2022 surveyby the Hartman Group found that 62% ofconsumers are trying to eat healthier, and 58% arelooking for more whole grains in their diet. Thefollowing diagram illustrates the impact of anincrease in demand for brown bread. Which of thefollowing statements is INCORRECT?PIR12R11R10S900 1 000 1 100 1 200 1 300 Qa) Before the increase in demand, the equilibriumprice is R10 and the equilibrium quantity is 900.b) Owing to an increase in demand, the demandcurve shifts from D to D1. At a price of R10, after theincrease indemand, the quantity demanded is 1 200 and thequantity supplied is 1 100.c) At a price of R10, after the increase in demand,there is an excess demand.d) A new equilibrium position is formed after theincrease in demand at an equilibrium price of R12and an

Demand refers to the quantity of a commodity that the consumer wants to buy at different prices. On…

In recent years, there has been a growing trend towards healthier eating, and this has led to increased demand for brown bread. A 2022 survey by the Hartman Group found that 62% of consumers are trying to eat healthier, and 58% are looking for more whole grains in their diet. The following diagram illustrates the impact of an increase in demand for brown bread. Which of the following statements is INCORRECT?