Figure 3-5 -Refer to Figure 3-5.In a Free Market Such as That

Multiple Choice

Figure 3-5

-Refer to Figure 3-5.In a free market such as that depicted above, a surplus is eliminated by

A) a price increase, increasing the supply and decreasing the demand.
B) a price decrease, decreasing the supply and increasing the demand.
C) a price decrease, decreasing the quantity supplied and increasing the quantity demanded.
D) a price increase, increasing the quantity supplied and decreasing the quantity demanded.