For a given market, under what condition will the equilibrium quantity of the good or service decrease?(1 poin

Question

For a given market, under what condition will the equilibrium quantity of the good or service decrease?(1 point)

demand increases and supply increases

demand increases and supply decreases

demand decreases and supply decreases

demand decreases and supply increases

GPT-5 mini · Answer

demand decreases and supply decreases

Explanation: a leftward shift in demand lowers quantity, and a leftward shift in supply also lowers quantity, so together they unambiguously reduce equilibrium quantity.

For a given market, under what condition will the equilibrium quantity of the good or service decrease?(1 point)

demand increases and supply increases

demand increases and supply decreases

demand decreases and supply decreases

demand decreases and supply increases

All Answers 1

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For a given market, under what condition will the equilibrium quantity of the good or service decrease?(1 point) demand increases and supply increases demand increases and supply decreases demand decreases and supply decreases demand decreases and supply increases

All Answers 1

Submit Your Answer

For a given market, under what condition will the equilibrium quantity of the good or service decrease?(1 point)

demand increases and supply increases

demand increases and supply decreases

demand decreases and supply decreases

demand decreases and supply increases