[Solved] The table below displays hypothetical demand and supply schedules for the market for overnight parcel deliveries in Canada. TABLE 3-4 -Refer to Table 3-4.Which of the following statements best describes the change in equilibrium price and quantity in this market between Year 1 and Year 2? A)The demand curve has shifted to the left,the supply curve has shifted to the right; as a result equilibrium price is lower and equilibrium quantity is higher. B)The demand curve has shifted to the left,the supply curve has shifted to the left; as a result equilibrium price is higher and equilibrium quantity is lower. C)The demand curve has shifted to the right,the supply curve has shifted to the left; as a result equilibrium price is higher and equilibrium quantity is lower. D)The demand curve has shifted to the left,the supply curve has shifted to the right; as a result equilibrium price is higher and equilibrium quantity is lower. E)There is no change in equilibrium price or quantity from Year 1 to Year 2. African Americans: A term used to describe Americans of African descent with ancestry in North America, often associated with a shared history and cultural experience. Voyeurism: A disorder involving the gaining of sexual pleasure from observing unsuspecting individuals who are naked, in the process of disrobing, or engaging in sexual activity. Sexual Satisfaction: The state or degree of fulfillment and pleasure derived from sexual activities, often considered a component of overall sexual health and well-being. Observing Others: The act of watching or paying attention to the behavior and actions of those around us for understanding or learning.