Figure 4.7 -If Demand Increases and Supply Decreases in Figure 4.7,then the 4.7,then

question 30

Multiple Choice

Figure 4.7
-If demand increases and supply decreases in Figure 4.7,then the equilibrium

• A) price rises.
• B) price falls.
• C) quantity rises.
• D) quantity falls.

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Definitions:

Alternative Energy

Energy sources that are considered alternatives to the traditional fossil fuels, such as solar, wind, and hydroelectric power.

Nuclear Power

The use of nuclear reactions to generate electricity, typically through the process of nuclear fission.

Sustainable Development

Development that meets the needs of the present without compromising the ability of future generations to meet their own needs, typically focusing on balancing environmental, economic, and social goals.

Biological Entities

Organisms or living systems that are capable of functioning independently, including everything from single-celled bacteria to humans and complex plants.