Question

For a given market, the equilibrium quantity of the good or service will decrease if _____.(1 point) Responses demand decreases and supply decreases demand decreases and supply decreases demand increases and supply increases demand increases and supply increases demand increases and supply decreases demand increases and supply decreases demand decreases and supply increases

Answer 1

[AI-generated answer — Bot GPT 3.5]

The equilibrium quantity of the good or service will decrease if demand decreases and supply decreases.