-Refer to the above graph to answer this question.How could you describe the movement from point D to point A?
A)A decrease in supply which leads to an increase in the equilibrium price and a decrease in demand.
B)A decrease in supply which leads to an increase in the equilibrium price and a decrease in quantity demanded.
C)A decrease in demand which leads to an increase in the equilibrium price and a decrease in the quantity supplied.
D)A decrease in demand which leads to an increase in the equilibrium price and a decrease in supply.
E)A decrease in supply which leads to a decrease in the equilibrium price a decrease in demand.

Question

-Refer to the above graph to answer this question.How could you describe the movement from point D to point A?
A)A decrease in supply which leads to an increase in the equilibrium price and a decrease in demand. 
B)A decrease in supply which leads to an increase in the equilibrium price and a decrease in quantity demanded. 
C)A decrease in demand which leads to an increase in the equilibrium price and a decrease in the quantity supplied. 
D)A decrease in demand which leads to an increase in the equilibrium price and a decrease in supply. 
E)A decrease in supply which leads to a decrease in the equilibrium price a decrease in demand.

Quizplus · Accepted Answer

Moving from point D to point A typically represents a decrease in supply, which would increase the equilibrium price due to scarcity and decrease the quantity demanded as the price rises, not demand itself.

-Refer to the Above Graph to Answer This Question