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Market Equilibrium — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMarket Equilibrium1 Mark
MCQ
With a given supply curve a decrease in demand causes $.........$
  • A
    an overall decrease in price but an increase in equilibrium quantity.
  • B
    an overall increase in price but a decrease in equilibrium quantity.
  • ✓
    an overall decrease in price and a decrease in equilibrium quantity.
  • D
    no change in overall price but a reduction in equilibrium quantity.
✓

Answer

Correct option: C.
an overall decrease in price and a decrease in equilibrium quantity.

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