Consider the Market for a Good That Is in Equilibrium

Multiple Choice

Consider the market for a good that is in equilibrium.Which of these is most likely to occur if both demand and supply for this good decrease during a particular point in time?

A) The equilibrium price will increase.
B) The equilibrium price will decrease.
C) The equilibrium quantity will increase.
D) The equilibrium quantity will decrease.
E) Both equilibrium price and quantity will increase.