Suppose that in the market for reserves, the federal funds rate is both, less than the discount rate (iff< id), and above the rate paid on excess reserves (iff> ior). If the Federal Reserve Bank elects to decrease the required reserve ratio, then we would expect the ______ curve for reserves to shift and the equilibrium interest rate to _____.

A) demand; fall

B) demand; rise

C) supply; rise

D) supply; fall