pter#3 Exhibit 3-15 Supply and demand curves for good X 2.00 Price 1.50 per unit (dollars) 1.00 50 100 200 300 400 Quantity of good X (units per time period) In Exhibit 3-15, if the market price of good X is initially $1.50, a movement toward equilibrium requires: a. the price to fall below $1.50, the quantity supplied to fall, and the quantity demanded to rise. O b. the price to fall below $1.50 and both the quantity supplied and the quantity demanded to fall. O c. the price to remain the same, but the supply curve to shift to the left. O d. no change, because an equilibrium already exists. - Icon Key