Figure 3-8 -A Decrease in the Equilibrium Quantity for a Product Will

Multiple Choice

Figure 3-8
-A decrease in the equilibrium quantity for a product will result

A) when the quantity demanded for the product exceeds the quantity supplied.
B) when there is a decrease in supply and a decrease in demand for the product.
C) when there is an increase in supply and a decrease in demand for the product.
D) when there is a decrease in demand and a decrease in the number of firms producing the product.