Figure 3-4

-Refer to Figure 3-4.If the current market price is $15, the market will achieve equilibrium by
A)a price increase, increasing the supply and decreasing the demand.
B)a price decrease, decreasing the supply and increasing the demand.
C)a price decrease, decreasing the quantity supplied and increasing the quantity demanded.
D)a price increase, increasing the quantity supplied and decreasing the quantity demanded.

Question

Figure 3-4
 
-Refer to Figure 3-4.If the current market price is $15, the market will achieve equilibrium by
A)a price increase, increasing the supply and decreasing the demand. 
B)a price decrease, decreasing the supply and increasing the demand. 
C)a price decrease, decreasing the quantity supplied and increasing the quantity demanded. 
D)a price increase, increasing the quantity supplied and decreasing the quantity demanded.

Quizplus · Accepted Answer

The Answer of Figure 3-4
 
-Refer to Figure 3-4.If the current market price is $15, the market will achieve equilibrium by
A)a price increase, increasing the supply and decreasing the demand. 
B)a price decrease, decreasing the supply and increasing the demand. 
C)a price decrease, decreasing the quantity supplied and increasing the quantity demanded. 
D)a price increase, increasing the quantity supplied and decreasing the quantity demanded.

Figure 3-4 -Refer to Figure 3-4.If the Current Market Price Is $15