Exhibit 4-6 Demand and supply curves
If the market demand and supply curves shift as given in Exhibit 4-6, the resulting new equilibrium will show a(n):
A. increase in market price and a decrease in the quantity exchanged.
B. decrease in market price and a decrease in the quantity exchanged.
C. increase in market price and an increase in the quantity exchanged.
D. decrease in market price and an increase in the quantity exchanged.
Answer: D
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