If both supply and demand decrease simultaneously, the new equilibrium price is and the new equilibrium quantity is . A. lower; lower B. lower; indeterminate C. indeterminate; higher D. indeterminate; lower

Option (D) is correct.

Explanation:

If there is a fall in both the supply and demand for a commodity then as a result there is a leftward shift in both the curves. This leftward shift in both the curves, decreases the equilibrium quantity and impact of this shift is indeterminate for equilibrium price because we don't know the magnitude of the shifts of demand and supply curve.

decentralization can the employees to get more involved in the business decision making

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o