Refer to the information provided in Figure 3.16 below to answer the question(s) that follow. Figure 3.16Refer to Figure 3.16. When the economy moves from Point A to Point E, there has been

A. a decrease in demand and a decrease in supply.
B. an increase in demand and a decrease in supply.
C. an increase in quantity demanded and an increase in quantity supplied.
D. an increase in demand and an increase in supply.


Answer: B

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