It's Certain That the Equilibrium Price Will Fall When

question 15

Multiple Choice

It's certain that the equilibrium price will fall when:

• A) the supply curve and the demand curve both shift to the right.
• B) the supply curve shifts to the right and the demand curve shifts to the left.
• C) supply and demand both increase.
• D) supply decreases and demand stays the same.

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Definitions:

Simplify

To make something less complicated or easier to understand.

Evaluate

The process of analyzing or examining something to determine its value, condition, or significance.

Evaluate

To determine the significance, worth, or condition of something, usually by careful appraisal and study.

Collect Like Terms

The process in algebra of combining terms that have the same variables raised to the same power.