Exhibit 3-11 Demand and supply curves 
In Exhibit 3-11, in Panel A the movement from A to B describes a(n) :
A) increase in demand and an increase in the quantity supplied.
B) increase in the quantity demanded and an increase in supply.
C) decrease in demand and a decrease in the quantity supplied.
D) decrease in the quantity demanded and a decrease in supply.
E) decrease in the quantity demanded and an increase in supply.
Correct Answer:
Verified
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