If price in the market for bread is below its equilibrium level,
(a) price will increase and quantity demanded will decrease.
(b) price will decrease, causing a decrease in supply.
(c) price and quantity demanded will both increase.
(d) price will increase, causing an increase in supply.
(a) price will increase and quantity demanded will decrease.
(b) price will decrease, causing a decrease in supply.
(c) price and quantity demanded will both increase.
(d) price will increase, causing an increase in supply.