O $124,000. In the market for widgets, more sellers exit the market at the same time that consumer preferences are changing, such that people like widgets a lot less than before. If the rate at which sellers are exiting the market is slower than the rate that consumer preferences are changing, we can expect a decrease in the equilibrium price and quantity of widgets O an increase in the equilibrium price and quantity of widgets no change in the equilibrium price and an increase in the equilibrium quantity of widgets X Incorrect O a decrease in the equilibrium price and an increase in the equilibrium quantity of widgets In the market for cable television, fewer people are subscribing to cable while the cost of providing cable television has increased. If the magnitude of the corresponding demand and supply shifts are the same for both events, we can expect no change in the equilibrium price but a decrease in the equilibrium quantity of cable television. O an unknown change in the equilibrium price but a decrease in the equilibrium quantity of cable television. a decrease in the equilibrium price and quantity of cable television. X an increase in the equilibrium price and quantity of cable television. Incorrec O ore sellers enter the market at the same time that consumer preferences are changing, such which sellers are entering the market is slower than the rate th