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A decrease in demand, with no change in supply, will lead to ________ in equilibrium quantity and ________ in equilibrium price.

A decrease in demand, with no change in supply, will lead to ________ in equilibrium quantity and ________ in equilibrium price.
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A decrease in demand, with no change in supply, will lead to ________ in equilibrium quantity and ________ in equilibrium price.

User Tlrobinson
by
8.0k points

1 Answer

11 votes

Blank 1: shortage

Blank 2: increase

User Ptoinson
by
8.8k points
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