FIGURE 3-5 Refer to Figure 3-5

Multiple Choice

FIGURE 3-5 Refer to Figure 3-5.Ceteris paribus,if demand were to decrease,this would lead to

A) an increase in equilibrium price and an increase in equilibrium quantity.
B) a decrease in equilibrium price and a decrease in equilibrium quantity.
C) an increase in equilibrium price and a decrease in equilibrium quantity.
D) a decrease in equilibrium price and an increase in equilibrium quantity.
E) no change in equilibrium price or quantity.