What Will Happen to the Equilibrium Quantity and Price of Salmon

question 248

Multiple Choice

What will happen to the equilibrium quantity and price of salmon in a competitive market when there is an equal decrease in demand and supply?

• A) Equilibrium quantity and price will both increase.
• B) Equilibrium quantity and price will both decrease.
• C) Equilibrium quantity will decrease and equilibrium price will stay the same.
• D) Equilibrium quantity will stay the same and equilibrium price will increase.

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