Multiple Choice
Figure 4.6
-Figure 4.6 illustrates a set of supply and demand curves for a product. When the economy moves from point B to point C, there has been:
A) a decrease in quantity supplied and a decrease in demand.
B) a decrease in supply and a decrease in quantity demanded.
C) a decrease in quantity supplied and a decrease in quantity demanded.
D) a decrease in supply and a decrease in demand.
Correct Answer:
Verified
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