If there is simultaneous fall in consumers disposal income as well number of suppliers of a product in the market, the

Equilibrium price will decrease

Equilibrium quantity will decrease

Equilibrium quantity will increase

If there is simultaneous fall in consumers disposal income as well num

1.	If there is simultaneous fall in consumers disposal income as well number of suppliers of a product in the market, the
A.	Equilibrium quantity will decrease
B.	Equilibrium price will decrease
C.	Equilibrium price will go up
D.	Equilibrium quantity will increase
Answer» B. Equilibrium price will decrease