Question

If equilibrium price falls and the equilibrium quantity of the good purchased decreases, what has happened to either the supply curve or to the demand curve? Supply increased. Demand increases. Supply decreases. Demand decreases.

Answer 1

Answer:

Demand decreases.

Explanation:

If demand decreases while supply remains unchanged, equilibrium price and quantity would fall.

If supply increases, equilibrium price would fall and quantity would rise.

If supply decreased, equilibrium price would rise and quantity would fall

If demand increases, equilibrium price and quantity would rise.

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