If the price of a product decreases from \$10 to \$5, how would this affect the quantity supplied by individual suppliers and the market supply?

• A. Individual suppliers would decrease their quantity supplied, but the market supply would increase.
• B. Both individual suppliers and the market supply would increase their quantity supplied.
• C. Both individual suppliers and the market supply would decrease their quantity supplied.
• D. Individual suppliers would increase their quantity supplied, but the market supply would decrease.

Answer: (C)