Question

Demand & supply decreases but supply decreases in greater proportion
quantity
proportion.
a) Rises, Falls, Lesser
c) Rises, Falls, Greater
b) Falls, Rises, Lesser
d) None of the above
in
greater​

Answer 1

Answer:

The decrease in demand > increase in supply

When the decrease in demand is greater than the increase in supply, the relative shift of demand curve is proportionately more than the supply curve. Effectively, both the equilibrium quantity and price fall.