I attached a pdf with the answer I just needed re done because she wanted it BRIEFLY EXPLAIN (ONLY TWO GRAPHS).
Please follow the instructions!! DONT NEED TO WRITE SO MUCH.
Answer the question below. Briefly explain your choice. Use one graph to show the shift in demand and another graph to show the shift in supply. Compare the change in price in the two graphs. See if they are consistent in that both graphs suggest the same outcome for price, or not. Make the same comparison of the two graphs for quantity.
If the supply decreases and demand for a product increases, then equilibrium:?
A. Quantity may rise, fall or stay the same and equilibrium price must rise.
B. Price must fall, but equilibrium quantity may rise, fall, or remain unchanged.
C. Quantity must decline, but equilibrium price may rise, fall, or remain unchanged.
D. Quantity and equilibrium price must both increase.
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