If the equilibrium price of a good decreases and the equilibrium quantity of the good decreases,we can conclude that

Name: If the equilibrium price of a good decreases and the equilibrium quantity of the good decreases,we can conclude that
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Quizplus · Accepted Answer

When both the equilibrium price and quantity of a good decrease, it indicates that the demand for the good has decreased. This is because a decrease in demand shifts the demand curve to the left, leading to a lower equilibrium price and quantity.

If the Equilibrium Price of a Good Decreases and the Equilibrium