Exhibit 3-11 Demand and Supply Curves

Exhibit 3-11 Demand and supply curves

-In Exhibit 3-11,in Panel B the movement from A to C describes a(n) :

A) increase in demand and a decrease in supply, where the increase in demand is relatively bigger.
B) decrease in both demand and supply, where the decrease in supply is relatively bigger.
C) increase in demand and a decrease in supply, where the decrease in supply is relatively bigger.
D) decrease in demand and increase in supply, where the increase in supply is relatively bigger.
E) increase in both demand and supply, where the increase in supply is relatively bigger.