Multiple Choice

-In Exhibit C-12, if the demand and supply curves shift from D1 to D2 and S1 to S2, the new equilibrium, when compared to the old, reflects a(n)
A) increase in price and a decrease in quantity
B) decrease in price and a decrease in quantity
C) increase in price and an increase in quantity
D) decrease in price and an increase in quantity
E) decrease in price and no change in quantity
Correct Answer:
Verified
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