Subtracting borrowed reserves from the monetary base obtains

Suppose that over the next few years the demand for dancing to country and western music decreases. Hence, at country and western dance clubs the equilibrium price of admission ________ and the equilibrium quantity of dancing ________

A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases E) does not change; decreases

The price effect is the effect of a ________ on the quantity of the good ________

A) decrease in the price; demanded B) change in the price; supplied C) change in price and income; consumed D) change in the price; consumed