If Demand Decreases by a Greater Amount Than Supply Decreases,then

question 109

Multiple Choice

If demand decreases by a greater amount than supply decreases,then equilibrium price __________ and equilibrium quantity __________.

• A) rises; rises
• B) rises; falls
• C) falls; rises
• D) falls; falls

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Definitions:

High School Friends

Individuals with whom one forms friendships during the years spent in secondary education, often playing significant roles in social and emotional development.

Ethnic Background

An individual's cultural heritage or ancestry, which can influence their identity, traditions, and perspectives.

Leisure Activities

Recreational actions or engagements undertaken for enjoyment and relaxation, not typically associated with work or duties.

Adolescent Clique

A small, tightly knit group of teenagers who share similar interests, values, or social status.