The Equilibrium Price Will Fall and the Equilibrium Quantity Might

question 484

Multiple Choice

The equilibrium price will fall and the equilibrium quantity might increase, decrease, or stay the same when the

• A) demand and the supply of a good both decrease.
• B) demand and the supply of a good both increase.
• C) demand for a good increases and the supply of it decreases.
• D) demand for a good decreases and the supply of it increases.