"If,at the Initial Price,there Is Excess Demand,the Price Will Rise

Multiple Choice

"If,at the initial price,there is excess demand,the price will rise.As a consequence,the demand curve shifts down since people buy less at a higher price,and the supply curve shifts up because producers find it profitable to supply more output at a higher price.Price will continue to adjust until there is no excess demand." Which of the following is true about this statement?

A) The quotation is correct.
B) The quotation confuses excess supply with excess demand.
C) The quotation confuses movements along curves with shifts in curves.
D) The quotation confuses short-run adjustments with long-run adjustments.