Which of the following could account for a change in equilibrium to price P3 and quantity Q3? A. A cost-saving technological innovation in the production of the good, combined with an increase in demand. B. An increase in supply, combined with a decrease in the price of a substitute C. An increase in income (assuming the good is a normal good), combined with a decrease in supply D. A decrease in demand

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Which of the following could account for a change in equilibrium to price P3 and quantity Q3?

A. A cost-saving technological innovation in the production of the good, combined with an increase in demand.
B. An increase in supply, combined with a decrease in the price of a substitute
C. An increase in income (assuming the good is a normal good), combined with a decrease in supply
D. A decrease in demand

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