Question: 21. A decrease in demand while supply remains unchanged will lead to . ( LO3 ) a) an increase in equilibrium price and quantity b)

21. A decrease in demand while supply remains unchanged will lead to . ( LO3 )

a) an increase in equilibrium price and quantity

b) a decrease in equilibrium price and quantity

c) an increase in equilibrium price and a decrease in equilibrium quantity

d) a decrease in equilibrium price and an increase in equilibrium quantity

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