The figure presents the market demand for and supply of good E. Equilibrium has moved from X to Y. Which statement is not correct?
- AIncomes of consumers may have increased and good E is a normal good.
- BThe quantity supplied has risen because price has increased.
- CThe quantity supplied has risen because the production of good E has been subsidised.
- DThe price of good F, which is a substitute for good E, may have risen.