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

Verified
Correct Answer:
Verified
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