2. An increasing in the demand for note books raises the quantity of notebooks demanded but not the quantity supplied is this statement true or false ?explain?

False.

If there is an increase in the demand for notebooks, it means that consumers are willing to buy more notebooks at a given price. This would lead to an increase in the quantity demanded of notebooks. However, if the quantity supplied does not increase to meet this increase in demand, there will be a shortage of notebooks in the market.

In a competitive market, an increase in demand would typically lead to an increase in the quantity supplied as producers respond to the higher prices and potential for increased profits. Therefore, in this scenario, the quantity supplied would also increase along with the quantity demanded in order to reach a new equilibrium.

False.

An increase in demand for notebooks will lead to an increase in both the quantity demanded and the quantity supplied. The law of supply and demand states that when demand increases, producers will respond by increasing supply. This is because they can make more profit by selling more notebooks at a higher price.