Exhibit 4-1 Supply and Demand Data

question 217

Multiple Choice

Exhibit 4-1 Supply and demand data
A decrease in consumer income decreases the demand for compact discs. As a result of the change to a new equilibrium, there is a(n) :

• A)leftward shift of the supply curve.
• B)rightward shift of the supply curve.
• C)upward movement along the supply curve.
• D)downward movement along the supply curve.