Figure 3-4 -Refer to Figure 3-4.If the Current Market Price Is $25,the

question 50

Multiple Choice

Figure 3-4
-Refer to Figure 3-4.If the current market price is $25,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.