The supply of potatoes decreases since it is expected that the price of potatoes would decrease in future, this causes the equilibrium price to and the equilibrium quantity to in the market for potatoes, ceteris paribus.

decrease; decrease

increase; increase

decrease; increase

increase; decrease

remain unchanged; remain unchanged

1 answer

increase; decrease

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The supply of potatoes decreases since it is expected that the price of potatoes would decrease in future, this causes the equilibrium price to __________ and the equilibrium quantity to __________ in the market for potatoes, ceteris paribus.