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Table 6.1 shows the quantity of hand cream demanded and supplied. Price Quantity demanded per month | Quantity supplied per | New quantity supplied per

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Table 6.1 shows the quantity of hand cream demanded and supplied. Price Quantity demanded per month | Quantity supplied per | New quantity supplied per (000s) month (000s) month (000s) R25 400 320 R30 360 360 R35 320 400 R40 280 440 R45 240 480 As a result of an increase in packaging costs for the hand creams, supply decreased by 80 000 at all prices. Calculate the change in equilibrium price given the increase in packaging costs. A. 6 B. 10 C. 5 D. 8

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