A Decrease in Supply with No Change in Demand Will

question 12

Multiple Choice

A decrease in supply with no change in demand will lead to _____ in equilibrium quantity and _____ in equilibrium price.

• A)an increase; an increase
• B)an increase; a decrease
• C)a decrease; an increase
• D)a decrease; a decrease

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Definitions:

Screening Interview

A preliminary interview designed to evaluate potential candidates and filter out those who do not meet the basic requirements for a position or opportunity.

Neutral Topics

Subjects that are considered to be uncontentious and unlikely to provoke strong opinions or emotions.

Qualifications

The credentials, knowledge, skills, or attributes required for a particular role or activity.

Rude Interruption

An impolite or abrupt interruption that disrupts the flow of conversation.