Multiple Choice
-In Exhibit 3-11, in Panel B the movement from point A to point C describes a(n) :
A) increase in both demand and supply, where the increase in supply is relatively bigger.
B) decrease in both demand and supply, where the decrease in supply is relatively bigger.
C) increase in demand and a decrease in supply, where the decrease in supply is relatively bigger.
D) decrease in demand and increase in supply, where the increase in supply is relatively bigger.
Correct Answer:

Verified
Correct Answer:
Verified
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