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If the supply of cat food increases and the demand for cat food decreases, how will the equilibrium price and quantity be affected?

A

The equilibrium price will decrease and the equilibrium quantity will decrease.

B

The equilibrium price will increase but the change in equilibrium quantity is unknown.

C

The equilibrium price will decrease but the change in the equilibrium quantity is unknown.

D

The change in the equilibrium price is unknown but the equilibrium quantity will increase

E

The equilibrium price will decrease and the equilibrium quantity will increase.

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