Exhibit 4-8 Demand and Supply Curves in Exhibit 4-8

Exhibit 4-8 Demand and supply curves In Exhibit 4-8, a movement from A to C is best described as a(n) :

A) increase in the quantity supplied and an increase in the demand.
B) decrease in the quantity supplied and a decrease in demand.
C) decrease in the quantity supplied and an increase in demand.
D) decrease in the quantity demanded and a decrease in supply.
E) decrease in both quantity demanded and quantity supplied.