A country with high inflation, rising budget and trade deficits, and a rapidly expanding money supply

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

In comparison to an employer in a competitive labor market, a monopsony employer pays a ________ wage rate and hires ________ workers

A) lower; fewer B) lower; more C) higher; more D) higher; fewer