Refer to the Above Table

question 45

Multiple Choice

Refer to the above table. If demand decreased by 4 units at each price and supply decreased by 2 units at each price, what would the new equilibrium price and quantity be?

• A) $3 and 5 units
• B) $4 and 4 units
• C) $5 and 5 units
• D) $6 and 6 units

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