Refer to Figure 7-1

Refer to Figure 7-1. In Graph B, the market demand has decreased from d₀ to d₁ and, as a result, _____.Figure 7-1

A) both the market price and the price of the price-taking firm have increased​
B) both the market price and the price of the price-taking firm have fallen to $4
C) the quantity of goods transacted in the market has fallen
D) the firm will be unable to sell any of its output at the new equilibrium price
E) some firms will sell their output at a higher price than others