-In Exhibit C-9, the Original Market Equilibrium Is Determined by D₁

Multiple Choice

-In Exhibit C-9, the original market equilibrium is determined by D₁ and S₁. Suppose demand shifts to D₂. What will cause price to move to a new equilibrium?

A) An excess demand is created at the original price so that competition among demanders will force quantity to fall.
B) An excess supply is created at the original price so that competition among suppliers will force price up.
C) An excess demand is created at the original price so that competition among demanders will force price down.
D) An excess demand is created at the original price so that competition among demanders will force price up.
E) An excess supply is created at the original price so that competition among suppliers will force price down