Please see the below problem:

Question Completion Status: Question 7 10 points Save Answer Figure 3-2 Supply Price of Q P* Demand Reference: Ref 3-2 Quantity of Q production of Q will cause: Let P* and Q* represent market clearing price and quantity, respectively. Given the supply and demand curves drawn in Figure 3-2, a reduction in the price of an input used in the O A. P* and Q* to climb. O B. P* to climb while Q* falls. O C. p* to climb while Q* holds steady. O D. P* to fall while Q* climbs. O E. P* and Q* to fall. > A Moving to another question will save this response. > Close Window Search for anything O emI e T 4:51 P 6/6/20 DELL ESC F1 F2 F4 F5 F6 F7 F8 FO F10 F11 F12 |PrtSer 1 Insert En X KK a $ % &amp