If demand decreases and supply increases in a market that is initially in equilibrium, then _____

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Quizplus · Accepted Answer

When demand decreases, consumers are willing to buy less at each price, shifting the demand curve leftward. When supply increases, producers are willing to sell more at each price, shifting the supply curve rightward. Both these changes put downward pressure on the equilibrium price, causing it to decrease.

If Demand Decreases and Supply Increases in a Market That