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Figure: Supply and Demand 2 What Happens as a Result

Question 8

Multiple Choice

Figure: Supply and Demand 2 Figure: Supply and Demand 2 What happens as a result of the change in demand in the diagram? A) a decrease in both the equilibrium price and the equilibrium quantity B) an increase in both the equilibrium price and the equilibrium quantity C) an increase in the equilibrium price and a decrease in the equilibrium quantity D) a decrease in the equilibrium price and an increase in the equilibrium quantity What happens as a result of the change in demand in the diagram?


A) a decrease in both the equilibrium price and the equilibrium quantity
B) an increase in both the equilibrium price and the equilibrium quantity
C) an increase in the equilibrium price and a decrease in the equilibrium quantity
D) a decrease in the equilibrium price and an increase in the equilibrium quantity

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