Correct option: (B) The equilibrium price would decrease, but the impact on the amount sold in the market would be ambiguous.
A market is a collection of systems, institutions, processes, social relationships, or infrastructures in economics that allow parties to exchange goods and services. While parties may trade goods and services for money, the majority of markets rely on sellers providing their wares or services—including labor—to customers in exchange for payment. A market, in this sense, is the mechanism by which the costs of goods and services are decided. Markets enable the distribution and allocation of resources in a community and facilitate trade. Markets enable the evaluation and pricing of any tradable good. In order to facilitate the trade of rights (see ownership of services and goods), markets either develop more or less organically or maybe purposefully created by human interaction.
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