If Demand Decreases and Supply Increases, Price Will

question 62

Multiple Choice

If demand decreases and supply increases, price will

• A)always increase
• B)always decrease
• C)increase only if supply increases more than demand decreases
• D)increase only if supply increases less than demand decreases
• E)decrease only if supply increases more than demand decreases

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Definitions:

Decade-Long

a period spanning ten years.

Phases Of Water

The three primary states that water can exist in: solid (ice), liquid, and gas (vapor), each phase determined by temperature and pressure conditions.

Increasing Temperature

Refers to the rise in average temperatures across the Earth, often associated with global warming and climate change.

Low Pressure

A condition in the atmosphere where the air pressure is lower than the surrounding area, often leading to cloudy weather and precipitation.