Suppose a decrease in product demand occurs in a decreasing-costindustry. Compar

Suppose a decrease in product demand occurs in a decreasing-costindustry. Compared to the original equilibrium the new long-runcompetitive equilibrium will entail:A)a higher price and a higher total outputB)a lower price and a lower total outputC)a higher price and a lower total outputD)a lower price and a higher total output