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-Refer to the Above Graph to Answer This Question

Question 22

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.
-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.

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