Refer to Figure 24-2. Ceteris paribus, a decrease in the expected price of an important natural resource would be represented by a movement from

Refer to the figure above. What is the equilibrium quantity of credit when the credit demand curve is CD2 and the credit supply curve is CS1?

A) $40 B) $50 C) $30 D) $20

What are the two effects of a change in a price that a consumer experiences?

a. the income effect and the budget effect b. the complement effect and the substitute effect c. the price effect and the preference effect d. the income effect and the substitution effect