Consider a market that is in equilibrium.If it experiences a decrease in demand,what will happen?
A) The demand curve will shift to the left,and the equilibrium price and quantity will rise.
B) The demand curve will shift to the left,and the equilibrium price will increase and the equilibrium quantity will decrease.
C) The demand curve will shift to the left,and the equilibrium price and quantity will fall.
D) The demand curve will shift to the right,and the equilibrium price and quantity will fall.
Correct Answer:
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