Multiple Choice
Exhibit 4-3 Supply and demand curves 
Initially the market shown in Exhibit 4-3 is in equilibrium at P3, Q3 (E3) . Changes in market conditions result in a new equilibrium at P2, Q2 (E2) . This change is stated as a(n) :
A) decrease in demand and an increase in supply.
B) decrease in demand and a decrease in quantity supplied.
C) decrease in quantity demanded and an increase in quantity supplied.
D) decrease in quantity demanded and an increase in supply.
Correct Answer:
Verified
Correct Answer:
Verified
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