Refer to the Above Table

$$\begin{array} { | c | c | c | } \hline \text { Quantity Demanded } & \text { Price } & \text { Quantity Supplied } \\\hline 5 & \$ 7 & 9 \\\hline 6 & 6 & 8 \\\hline 7 & 5 & 7 \\\hline 8 & 4 & 6 \\\hline 9 & 3 & 5 \\\hline 10 & 2 & 4 \\\hline 11 & 1 & 3 \\\hline\end{array}$$ Refer to the above table. If supply decreased by 2 units at each price, what would the new equilibrium price and quantity be?

A) $3 and 5 units
B) $4 and 4 units
C) $5 and 5 units
D) $6 and 6 units

Correct Answer:

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