-In Exhibit 3-11, in Panel B the movement from point A to point C describes a(n):
A) increase in both demand and supply, where the increase in supply is relatively bigger.
B) decrease in both demand and supply, where the decrease in supply is relatively bigger.
C) increase in demand and a decrease in supply, where the decrease in supply is relatively bigger.
D) decrease in demand and increase in supply, where the increase in supply is relatively bigger.

Question

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-In Exhibit 3-11, in Panel B the movement from point A to point C describes a(n):
A) increase in both demand and supply, where the increase in supply is relatively bigger. 
B) decrease in both demand and supply, where the decrease in supply is relatively bigger. 
C) increase in demand and a decrease in supply, where the decrease in supply is relatively bigger. 
D) decrease in demand and increase in supply, where the increase in supply is relatively bigger.

Quizplus · Accepted Answer

The movement from point A to point C in Panel B, which typically results in a lower price but higher quantity, suggests a scenario where demand decreases and supply increases, with the increase in supply being relatively larger to cause such market changes.

​ -In Exhibit 3-11, in Panel B the Movement from Point

-In Exhibit 3-11, in Panel B the Movement from Point