【单选题】The market for diamond rings is closely linked to the market for high-quality diamonds. If a large quantity of high-quality diamonds enters the market, then
A.
the supply curve for diamond rings will shift right, which will create a shortage at the current price. That will increase price, which will decrease quantity demanded and increase quantity supplied. The new market equilibrium will be at a higher price and higher quantity.
B.
the supply curve for diamond rings will shift right, which will create a surplus at the current price. That will decrease price, which will increase quantity demanded and decrease quantity supplied. The new market equilibrium will be at a lower price and higher quantity.
C.
the demand curve for diamond rings will shift right, which will create a shortage at the current price. That will increase price, which will decrease quantity demanded and increase quantity supplied. The new market equilibrium will be at a higher price and higher quantity.
D.
the demand curve for diamond rings will shift right, which will create a surplus at the current price. That will decrease price, which will increase quantity demanded and decrease quantity supplieThe new market equilibrium will be at a lower price and higher quantity.