Without the Aid of a Graph,one Can Say Definitively That,if

question 67

Multiple Choice

Without the aid of a graph,one can say definitively that,if both supply and demand decrease simultaneously,the new equilibrium price is ___________ and the new equilibrium quantity is _________________.

• A) lower;lower
• B) lower;indeterminate
• C) indeterminate;higher
• D) indeterminate;lower
• E) higher;indeterminate

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Definitions:

Public Officials

Individuals holding positions of authority in government institutions, responsible for making and implementing decisions for the public good.

Personal Persuasion

The act of influencing another's opinions, beliefs, or decisions through individualized communication or personal appeal.

Special Interest Groups

Organizations that advocate for the specific interests of their members by influencing public policy, legislation, and public opinion.

Working Class

A social group consisting of people employed in lower tier jobs, typically requiring manual skills and labor.