Figure 2.8 -In Figure 2.8, Which of the Following Is True

Figure 2.8

-In Figure 2.8, which of the following is true?

A) The change in demand could have resulted from a decrease in income if this is a normal good.
B) The change in supply could have resulted from a decrease in resource costs.
C) The new equilibrium occurs at a higher price than the original equilibrium.
D) The change in demand could have resulted from a decrease in price.
E) All of these