Exhibit 4-8 Demand and Supply Curves

Multiple Choice

Exhibit 4-8 Demand and supply curves

In Exhibit 4-8, a movement from A to C is best described as a(n) :

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