Figure 11.1: -In Figure 11.1,ceteris Paribus,if Consumers Lose Confidence in the Economy

Multiple Choice

Figure 11.1:
-In Figure 11.1,ceteris paribus,if consumers lose confidence in the economy and reduce their spending,the new equilibrium is likely to occur at:

A) P₂ and Q₂.
B) P₁ and Q₂.
C) P₃ and Q₃.
D) P₂ and Q₄.