Suppose that demand decreases and supply decreases. What would you expect tooccur in the market for the good?
A. Both equilibrium price and equilibrium quantity would increase.
B. Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous.
C. Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous.
D. Equilibrium price would increase, but the impact on equilibrium quantity would beambiguous.
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