If the Supply of Good a Is Perfectly Elastic, a Decrease

Multiple Choice

If the supply of good A is perfectly elastic, a decrease in demand will:

A) ​reduce the equilibrium quantity traded, but leave the price unchanged.
B) ​reduce the equilibrium quantity traded, and reduce the price.
C) ​reduce the equilibrium price, but leave the quantity traded unchanged.
D) ​reduce the equilibrium price traded, but increase the quantity traded.