A decrease in the demand for pork chops will________the equilibrium price and________ the equilibrium quantity of pork chops.

Name: A decrease in the demand for pork chops will________the equilibrium price and________ the equilibrium quantity of pork chops.
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Question

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A decrease in demand leads to a lower equilibrium price and a lower equilibrium quantity, as less of the product is wanted at any given price.

A Decrease in the Demand for Pork Chops Will________the Equilibrium