If the Market Demand and Supply Curves Shift as Given

Multiple Choice

If the market demand and supply curves shift as given in Exhibit 4-6, the resulting new equilibrium will show a(n) :

A) increase in market price and a decrease in the quantity exchanged.
B) decrease in market price and a decrease in the quantity exchanged.
C) increase in market price and an increase in the quantity exchanged.
D) decrease in market price and an increase in the quantity exchanged.
E) decrease in market price and no change in the quantity exchanged.