Changes in supply and demand - Brett Burkey | Laabri

1

Which graph above is depicting what has happened to the market for oil as people continue to isolate?

Panel A

Panel D

Panel B

Panel C

1

Panel D

Panel C

Panel B

Panel A

1

Equilibrium price and quantity both decrease

Equilibrium price increases and quantity decreases

Equilibrium price and quantity both increase

Equilibrium price decreases and quantity increases

1

Equilibrium price decreases and quantity increases

Equilibrium price and quantity both decrease

Equilibrium price and quantity both increase

Equilibrium price increases and quantity decreases

1

Equilibrium price is indeterminant and quantity increases

Equilibirum price and quantity are both indeterminant

Equilibirum price decreases and quantity increases

Equilibrium price increases and quantity is indeterminant