Figure: Supply-Driven Price Change Refer to the Figure

Multiple Choice

Figure: Supply-Driven Price Change Refer to the figure. When the supply curve shifts from S₀ to S₁, the equilibrium price rises to:

A) $12 and the equilibrium quantity falls to 70.
B) $10 and the equilibrium quantity falls to 100.
C) $12 and the equilibrium quantity falls to 40.
D) $10 and the equilibrium quantity falls to 70.