Consider a Market That Is in Equilibrium

Question 131
Multiple Choice

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