If Supply Decreases for a Given Demand Curve, ______

If supply decreases for a given demand curve, ______

A) there will be an excess quantity demanded in the market, resulting in an increase in the equilibrium price and a decrease in the equilibrium quantity.
B) there will be an excess quantity supplied in the market, resulting in a decrease in the equilibrium price and an increase in the equilibrium quantity.
C) there will be an excess quantity demanded in the market, resulting in an increase in both the equilibrium price and quantity.
D) there will be an excess quantity supplied in the market, resulting in a decrease in both the equilibrium price and quantity.
E) price will fall, shifting the demand curve outward and raising the equilibrium quantity.