If there were a decrease in the market demand for a product, Business Economics

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If there were a decrease in the market demand for a product

If there were a decrease in the market demand for a product with no change in market supply, the equilibrium price would:

a. increase and the equilibrium quantity increase.

b. increase and the equilibrium quantity decrease.

c. decrease and the equilibrium quantity increase.

d. decrease and the equilibrium quantity decrease.

e. insufficient information.

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Business Economics: If there were a decrease in the market demand for a product

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Business Economics: If there were a decrease in the market demand for a product

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