FIGURE 3-5 -Refer to Figure 3-5.Ceteris Paribus,if Supply Were to Increase,this Would

question 140

Multiple Choice

FIGURE 3-5
-Refer to Figure 3-5.Ceteris paribus,if supply were to increase,this would lead to

• A)an increase in both equilibrium price and quantity.
• B)a decrease in both equilibrium price and quantity.
• C)an increase in equilibrium price and a decrease in equilibrium quantity.
• D)a decrease in equilibrium price and an increase in equilibrium quantity.
• E)no change in equilibrium price or quantity.

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