Use the Following to Answer Question(s): Demand and Supply Schedules

Multiple Choice

Use the following to answer question(s) : Demand and Supply Schedules for a Good

-(Exhibit: Supply and Demand Schedules for a Good) If there were a decrease in supply by 100 units at each price, the equilibrium price and quantity would be ________ and ________ units, respectively.

A) $2.00; 100
B) $3.00; 140
C) $3.50; 175
D) $4.00; 160