If Demand Decreases and Supply Increases

Multiple Choice

If demand decreases and supply increases

A) the market clearing price will decrease, and the equilibrium quantity will increase.
B) the market clearing price will decrease, and equilibrium quantity will decrease.
C) the equilibrium quantity will decrease, but the change in the market clearing price cannot be determined without more information.
D) the equilibrium price will decrease, but the change in the equilibrium quantity cannot be determined without more information.