Use the Supply and Demand Curves in the Following Diagram

Use the supply and demand curves in the following diagram to answer the next five questions.

-If price is initially P₁ and is reduced to P₃, then:

A) quantity supplied will rise to Q₄ and quantity demand will fall to Q₃
B) quantity supplied will fall to Q₃ and quantity demanded will increase to Q₄
C) supply will decrease and demand will increase
D) no prediction can be made about the effect of the price change