content area top Part 1 China slowdown could bring good news China's economic slowdown could help reduce the cost of steel used by U.S. auto makers. Source: Wall Street Journal, September 8, 2015 How does an economic slowdown in China influence the global steel market? What happens to the equilibrium price of steel? Question content area bottom Part 1 China's economic slowdown will ______ the demand for steel ______ the supply of steel in the global market. A. decrease; and increase B. decrease; and will decrease C. decrease; but not change D. not change; but it will decrease Part 2 In the global market for steel, the equilibrium price will ______ and the quantity supplied will ________. A. fall; decrease B. not change; increase C. fall; increase D. fall; not change