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What will happen to the price and quantity of a product if the demand decreases?
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What will happen to the price and quantity of a product if the demand decreases?

User Christopher Corley
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Answer: A decrease in demand will cause the equilibrium price to fall; quantity supplied will decrease. An increase in supply, all other things unchanged, will cause the equilibrium price to fall; quantity demanded will increase. A decrease in supply will cause the equilibrium price to rise; quantity demanded will decrease.

User Divyesh Jesadiya
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