Multiple Choice
-Refer to the above graph to answer this question.How could you describe the movement from point B to point C?
A) An increase in supply which leads to a decrease in the equilibrium price and an increase in demand.
B) An increase in demand which leads to a decrease in the equilibrium price and an increase in supply.
C) An increase in supply which leads to a decrease in the equilibrium price and an increase in the quantity demanded.
D) An increase in demand which leads to a decrease in the equilibrium price and a decrease in supply.
E) An increase in supply which leads to an increase in the equilibrium price and an increase in demand.
Correct Answer:

Verified
Correct Answer:
Verified
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