(Figure: Graph) Use the graph to answer the following questions.
Here are five different options based on the graph above. These five options show movements from one point to another on the graph.
(i) point M to point L
(ii) point K to point L
(iii) point H to point K
(iv) point L to point H
(v) point G to point M
Now answer the following three questions:
(A) Which of the five options could be caused by a change in the price of the product?
(B) Which of the five options could be caused by a decrease in the price of the product?
(C) Which of the five options could be caused by an increase in the expected future price of the product?

Correct Answer:
Verified
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