If the demand for a product decreases,then we would expect equilibrium price
A)to increase and equilibrium quantity to decrease.
B)to decrease and equilibrium quantity to increase.
C)and equilibrium quantity to both increase.
D)and equilibrium quantity to both decrease.

Question

Quizplus · Accepted Answer

When demand decreases, the equilibrium price and quantity both decrease because there is less willingness to buy the product at previous prices, leading to a surplus that drives prices down and reduces the quantity sold.

If the Demand for a Product Decreases,then We Would Expect