Assume the most typical shapes for the demand and supply in a competitive market. Suppose that demand falls and supply increases. Which of the following statements is correct?

a. The equilibrium price will fall; the equilibrium quantity may rise or fall.
b. The equilibrium price will rise; the equilibrium quantity may rise or fall.
c. The equilibrium quantity will fall; the equilibrium price may rise or fall.
d. The equilibrium quantity will rise; the equilibrium price may rise or fall.
e. The equilibrium price will fall; the equilibrium quantity will not change.

A