If the Market Demand and Supply Curves Shift as Given

question 141

Multiple Choice

If the market demand and supply curves shift as given in Exhibit 4-6, the resulting new equilibrium will show a(n) :

• A) increase in market price and a decrease in the quantity exchanged.
• B) decrease in market price and a decrease in the quantity exchanged.
• C) increase in market price and an increase in the quantity exchanged.
• D) decrease in market price and an increase in the quantity exchanged.
• E) decrease in market price and no change in the quantity exchanged.