Exhibit 4-8 Demand and supply curves
In Exhibit 4-8, a movement from A to C is best described as a(n):
A. increase in the quantity supplied and a decrease in the demand.
B. decrease in the quantity supplied and a decrease in demand.
C. decrease in the quantity supplied and an increase in demand.
D. decrease in the quantity demanded and a decrease in supply.
Answer: B
Economics
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