A new regulation in cryptocurrency leads to a big decrease in the demand for Bitcoin. At the same time, Bitcoin launches a new token, leading to a small increase in the supply of coins. What happens to the equilibrium price and quantity of Bitcoin crypto?
Both the equilibrium price and quantity increase.
The equilibrium price goes up, and the quantity goes down.
Both the equilibrium price and quantity fall.
The equilibrium price goes down, and the quantity goes up.