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Exhibit 4-3 Supply and Demand Curves

question 162

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Exhibit 4-3 Supply and demand curves Exhibit 4-3 Supply and demand curves -Initially the market shown in Exhibit 4-3 is in equilibrium at P<sub>3</sub>, Q<sub>3</sub> (E<sub>3</sub>) . Changes in market conditions result in a new equilibrium at P<sub>2</sub>, Q<sub>2</sub> (E<sub>2</sub>) . This change is stated as a: A) decrease in demand and an increase in supply. B) decrease in demand and a decrease in quantity supplied. C) decrease in quantity demanded and an increase in quantity supplied. D) decrease in quantity demanded and an increase in supply.
-Initially the market shown in Exhibit 4-3 is in equilibrium at P3, Q3 (E3) . Changes in market conditions result in a new equilibrium at P2, Q2 (E2) . This change is stated as a:

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