When the supply of bubble gum increases while the demand for bubble gum decreases, the equilibrium ________ of bubble gum will definitely ________, ceteris paribus.

A) price; increase
B) price; decrease
C) quantity; increase
D) quantity; decrease

Equilibrium Price

The cost point where the amount of a product or service that buyers want matches the amount that sellers offer, leading to equilibrium in the market.

Supply Increases

A situation where the quantity of a good or service that producers are willing and able to offer for sale rises, due to factors like lower production costs or increased demand.