Answer to Question #48009 in Microeconomics for Caleasha

Question #48009
Say that the equilibrium price and quantity both fell. What would you say was the most likely cause?
1
Expert's answer
2014-10-21T12:28:09-0400
If both equilibrium price and quantity decreased, then we can conclude, that demand decreased (demand curve moved to the left) and there is a movement along the supply curve to the left.

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