How Would a Decline in Demand for Imported Commodities by the Chinese

question 82

Multiple Choice

How would a decline in demand for imported commodities by the Chinese affect the market for cargo transportation to China?

• A) Supply of cargo transportation shifts to the right causing an increase in quantity demanded and decline in equilibrium price.
• B) Supply of cargo transportation shifts to the right causing an increase in demand and equilibrium quantity and a decrease in equilibrium price.
• C) Demand for cargo transportation shifts to the left causing a decline in quantity supplied and price.
• D) Demand for cargo transportation shifts to the left causing a decline in supply and equilibrium quantity and price.