N9

QUESTION 3 Question 3 relates to how we explain changes in prion and quantity on the barus of the demand and supply model kom din's, Assume we're dealing with the demand and supply of Loungvile wea gingino, and that the curves in this market are not horizontal or vertical (to. that those curves have them "Typical slope) Match the change in equilibrium on the bil with the shills) on the right that bout explains that change Eg, suppose you're given an increase in equitrum price (P.] and equibrun quantity (0') If you believe this change is boil explained by a decrease in supply then your answer would be "docrone in supply" (answer DJ. Equilibrium price (P") increases and equibrum quantity (U') decreases A Increase in demand w Equilibrium price (P") decreases and equilibrium quantity (Q') decreates I Decrease in demand w Equilibrium price (P') decreases and equilibrium quantity (Q') increases C Increase in supply 0. Docrease in supply E locrease in demand and increase in supply F. Dociouse in demand and decrease in supply G. Increase in demand and decrease in supply H. Decrease In demand and increase in supply