A. In the latte market, demand often exceeds supply and supply sometimes exceeds demand. B. The price of a latte rises and falls in response to changes in supply and demand. In which of these two statements are the concepts of supply and demand used correctly? A) Statement A because demand and supply intersect; they do not exceed each other. B) Statement B because demand and supply intersect; they do not exceed each other. C) Statement A because a new intersection of the two curves will lead to changes in the equilibrium quantity and price of lattes. D) Statement B because a new intersection of the two curves will not lead to changes in the equilibrium quantity and price of lattes.
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