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The Figure Given Below Shows the Demand and Supply Curves

question 16

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The figure given below shows the demand and supply curves in the market for coffee. S1 and D1 are the original demand and supply curves.Figure 3.5
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The figure given below shows the demand and supply curves in the market for coffee. S<sub>1</sub> and D<sub>1</sub> are the original demand and supply curves.Figure 3.5 ​ -Assume that at the current market price of $4 per unit of a good, you are willing and able to buy 20 units. Last year at a price of $4 per unit, you would have purchased 30 units. What is most likely to have happened over the last year? A) Demand has increased B) Demand has decreased C) Supply has increased D) Supply has decreased E) Quantity supplied has decreased
-Assume that at the current market price of $4 per unit of a good, you are willing and able to buy 20 units. Last year at a price of $4 per unit, you would have purchased 30 units. What is most likely to have happened over the last year?

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