If supply is unchanged,a decrease in the demand for tacos will cause the equilibrium price to:

Question

Quizplus · Accepted Answer

When there is a decrease in demand for tacos and supply remains unchanged, there will be excess supply in the market, causing sellers to lower their prices in order to sell their products. Therefore, the equilibrium price will fall and the equilibrium quantity will also fall because consumers will demand less tacos at the lower price.

If Supply Is Unchanged,a Decrease in the Demand for Tacos