Answered

When demand decreases and the (upward sloping) supply curve remains in the same position, O A. price falls and equilibrium quantity rises. O B. price rises and equilibrium quantity rises. O C. price falls and equilibrium quantity falls. O D. price rises and equilibrium quantity falls.

Answer :

Price increases, while the equilibrium quantity decreases. when demand declines and the supply curve (which is upward sloping) remains stationary

What a balance amount means?

When a product's quantity is balanced, neither it nor it's excess are present. The amount of a good that consumers desire to buy is equal to the amount that its producers are supplying when demand and supply converge.

Equilibrium quantity and price: what is it?

The only price at which consumer and producer plans align is the equilibrium price, which is attained when the quantities sought by consumers and supplied by producers, respectively, are equal. The equilibrium quantity is the name for this ubiquitous quantity.

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