The demand for cat food decreases while the supply increases. The equilibrium price of cat food ________, and the equilibrium quantity ________.
A) falls; perhaps changes but we can't say if it increases, decreases or stays the same
B) rises; perhaps changes but we can't say if it increases, decreases or stays the same
C) rises; decreases
D) does not change; increases
E) falls; increases
Correct Answer:
Verified
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