Business, 06.05.2021 18:30 liltam9688

A decrease in the demand for incandescent light bulbs due to changes in consumer tastes, accompanied by a decrease in the supply of incandescent light bulbs as a result of government restrictions, will result in A. a decrease in the equilibrium price of incandescent light bulbs and no change in the equilibrium quantity. B. a decrease in the equilibrium quantity of incandescent light bulbs and no change in the equilibrium price. C. a decrease in the equilibrium price of incandescent light bulbs; the equilibrium quantity may increase or decrease. D. a decrease in the equilibrium quantity of incandescent light bulbs; the equilibrium price may increase or decrease.

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