Refer to the information provided in Figure 3.16 below to answer the question(s) that follow.


Refer to Figure 3.16. When the economy moves from Point
C to Point
E, there has been
◦ a decrease in supply and a decrease in quantity demanded.
◦ a decrease in quantity supplied and a decrease in demand.
◦ an increase in supply and an increase in quantity demanded.
◦ an increase in demand and an increase in quantity supplied.