Figure 3-4 -Refer to Figure 3-4.If the Current Market Price Is $10

question 14

Multiple Choice

Figure 3-4

-Refer to Figure 3-4.If the current market price is $10, the market will achieve equilibrium by

• A)a price increase, increasing the supply and decreasing the demand.
• B)a price decrease, decreasing the supply and increasing the demand.
• C)a price decrease, decreasing the quantity supplied and increasing the quantity demanded.
• D)a price increase, increasing the quantity supplied and decreasing the quantity demanded.

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