2. Suppose that initially the market supply curve and both the shortrun and longrun market demand curves intersect at the same point. If the market supply decreases, ceteris paribus, then
(A) The shortrun equilibrium price and quantity will both be higher than the longrun equilibrium.
(B) The shortrun equilibrium price and quantity will both be lower than the longrun equilibrium.
(C) The shortrun equilibrium price will be higher than the longrun equilibrium price, but the shortrun equilibrium quantity will be lower than the longrun equilibrium quantity.
(D) None of the above.