Refer to the Information Provided in Figure 3

Multiple Choice

Refer to the information provided in Figure 3.16 below to answer the question(s) that follow. Figure 3.16
-Refer to Figure 3.16. When the economy moves from Point A to Point C, there has been

A) a decrease in supply and a decrease in quantity demanded.
B) a decrease in quantity supplied and a decrease in demand.
C) a decrease in supply and an increase in quantity demanded.
D) an increase in supply and a decrease in quantity demanded.