As price declines, quantity demanded goes _______ and quantity supplied goes ________.

At equilibrium price, A. quantity demanded is always equal to quantity supplied. B. quantity demanded may be equal to quantity supplied. C. quantity demanded is usually equal to quantity supplied. D. quantity demanded is never equal to quantity supplied A. up, up B. down, down C. up, down D. down, up When the market price is lower than the equilibrium price, there is A. a surplus. B. a shortage. C. both a shortage and a surplus. D. neither a shortage nor a surplus. A demand schedule can be presented A. only as a table. B. only as a graph. C. as a table and a graph. D. as neither a table or a graph.