Exhibit 4-3 Demand and supply curves
-In Exhibit 4-3,the demand curve has shifted from D₁ to D₂ and,simultaneously,the supply curve has shifted from S₁ to S₂.Describe these actions in this market.
A) Market supply has decreased and market demand has increased.
B) Market supply has increased and market demand has decreased.
C) Market supply has decreased and market demand has decreased.
D) The quantity supplied has decreased and the quantity demanded has increased.
E) Market supply has increased and market demand has increased.
Correct Answer:
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