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-In Exhibit C-12, Suppose the Demand Curve Shifts from D1

Question 8

Multiple Choice

-In Exhibit C-12, suppose the demand curve shifts from D<sub>1</sub> to D<sub>2 </sub>and the supply curve shifts from S<sub>1</sub> to S<sub>2</sub>. To describe these events, you would say A) supply decreased and market increased B) supply increased and demand decreased C) supply decreased and demand decreased D) quantity supplied decreased and quantity demanded increased E) supply increased and demand increased
-In Exhibit C-12, suppose the demand curve shifts from D1 to D2 and the supply curve shifts from S1 to S2. To describe these events, you would say


A) supply decreased and market increased
B) supply increased and demand decreased
C) supply decreased and demand decreased
D) quantity supplied decreased and quantity demanded increased
E) supply increased and demand increased

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