Suppose that over the next few years the demand for dancing to country and western music decreases. Hence, at country and western dance clubs the equilibrium price of admission and the equilibrium quantity of dancing _ .

Question

Quizplus · Accepted Answer

When demand decreases, both the equilibrium price and quantity typically fall as there is less willingness to pay and less quantity demanded at each price level.

Suppose That Over the Next Few Years the Demand for Dancing