Given a graph with points labeled A, B, and C, how would you analyze the data if point A represents a higher price and lower quantity than point B?

• A. Point A indicates a lower price and higher quantity demanded compared to point B.
• B. Point A indicates a higher price and lower quantity demanded compared to point B.
• C. Point A is irrelevant to the analysis.
• D. Point A and B represent the same price and quantity.

Answer: (B)