In the Figure Given Below D₁ and S₁ Are the Initial

In the figure given below D₁ and S₁ are the initial demand and supply curves for a commodity in the market.
Figure 3.3

-Refer to Figure 3.3. If the change in the demand in this market occurred before the change in supply, then starting from the initial equilibrium:

A) firms would experience a fall in profits and then a gradual increase in profits after the change in supply occurred.
B) there would be an immediate shortage, lasting until the price reaches P₂.
C) price would change from P₁ to P₂ after the change in demand and would change again from P₃ to P₄ after the change in supply.
D) there would be a surplus until the price reaches P₄.
E) there would be a surplus even after price reaches P₄.