Suppose that demand decreases and supply decreases. What would you expect to occur in the market for the good?

a. Equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous.

b. Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous.

c.Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous.

d. Both equilibrium price and equilibrium quantity would increase.