The demand for automobiles is expected to decrease this year. Other things being equal, which of the following is the best forecast of the impact of this change in demand on the automobile market?

Select one:
a. An increase in the market equilibrium price and a decrease in the market equilibrium quantity of automobiles sold.

b. A decrease in the market equilibrium price and an increase in the market equilibrium quantity of automobiles sold.

c. A decrease in both the market equilibrium price and the market equilibrium quantity of autos sold.

d. An increase in both the market equilibrium price and market equilibrium quantity of autos sold.

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year