Exhibit 4-8 Demand and Supply Curves

Multiple Choice

Exhibit 4-8 Demand and supply curves
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-In Exhibit 4-8, a movement from A to B in which price has decreased and quantity has increased is best explained by a(n) :

A) increase in supply and demand.
B) decrease in supply and demand.
C) increase in supply that dominates a decrease in demand.
D) increase in demand that dominates a decrease supply.
E) decrease in demand that dominates an increase in supply.