-Refer to Figure 3 -1

Multiple Choice

-Refer to Figure 3 -1. The figure above shows the supply and demand curves for two markets: the market for original Picasso paintings, and the market for designer jeans. Which graph most likely represents which market?

A) Graph B represents the market for original Picasso paintings and Graph A represents the market for designer jeans.
B) Graph B represents both the market for original Picasso paintings and designer jeans.
C) Graph A represents the market for original Picasso paintings and Graph B represents the market for designer jeans.
D) Graph A represents both the market for original Picasso paintings and designer jeans.