Question: All else equal, a decrease in the marginal cost of producing a good will result in: Select one: a.A higher equilibrium quantity and a lower

All else equal, a decrease in the marginal cost of producing a good will result in:

Select one:

a.A higher equilibrium quantity and a lower equilibrium price.

b.A higher equilibrium quantity and a higher equilibrium price.

c.A lower equilibrium quantity and a lower equilibrium price.

d.A lower equilibrium quantity and a higher equilibrium price.

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