Solved: What happens to the market quantity as the market leaves, Macroeconomics

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What happens to the market quantity as the market leaves

Problem

A market is in long-run equilibrium and firms in this market have identical cost structures. Suppose demand in this market decreases. Describe what happens to the market quantity as the market leaves and then returns to long-run equilibrium.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: What happens to the market quantity as the market leaves

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