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Question 4 2.6 pts Assuming Demand is downward sloping and Supply is upward sloping (as we usually do), what happens to equilibrium price (P) and quantity (Q) of a good when Demand decreases? P and Q should not change P increases; Q increases P increases; Q decreases. P decreases, decreases. P decreases; Q increases. Question 5 2.6 pts Suppose that the supply of Blu Ray players decreases (i.e., shifts to the left). Using our standard supply and demand analysis (i.e., supply is upward sloping and demand is downward sloping, and price adjusts to keep the market in equilibrium), what do you predict will happen to the equilibrium price, P, and quantity, Q? P will decrease, and Q will decrease P will increase, and Q will increase P will decrease, and Q will stay the same P will decrease, and Q will increase P will increase, and Q will decrease

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Question 4) Option D:P decreases ,Q Decreases

As seen from the above graph it is clear that as change in demand , Price and Quantity decreases.

Question 5) Option E: P will increase and Q will decrease

Because as price will increase quantity demanded will decrease.