Refer to the Information Provided in Figure 3

Multiple Choice

Refer to the information provided in Figure 3.18 below to answer the question(s) that follow. Figure 3.18
-Refer to Figure 3.18 The market is initially in equilibrium at Point B. If demand shifts from D₂ to D₁, the equilibrium price will change from ________ and the equilibrium quantity will change from ________.

A) $4.00 to $3.00; 250 to 350
B) $4.00 to $3.00; 350 to 250
C) $3.00 to $4.00; 250 to 350
D) $3.00 to $4.00; 350 to 250