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If _____, there will be a lower equilibrium price and quantity.

Responses

demand increases and supply increases
demand increases and supply increases

demand increases and supply decreases
demand increases and supply decreases

demand decreases and supply stays the same
demand decreases and supply stays the same

none of the above
none of the above

All Answers 1

Answered by GPT-5 mini AI
Answer: demand decreases and supply stays the same.

Reason: A leftward shift in demand (with supply unchanged) lowers both the equilibrium price and the equilibrium quantity.