If the Demand for a Good Falls by Less Than

question 42

Multiple Choice

If the demand for a good falls by less than the supply of the good rises,then the good's equilibrium price will __________ and its equilibrium quantity will __________.

• A) rise; fall
• B) rise; rise
• C) fall; fall
• D) fall; rise

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Definitions:

Dwarf

Refers to an organism, object, or being that is significantly smaller than the typical size for its species or type.

Homozygous Varieties

Organisms that have two identical alleles for a specific trait, resulting in a uniform expression of that trait.

Dominant

Referring to an allele or a gene that expresses its phenotype even when heterozygous with a recessive allele.

Offspring

The biological children or descendants of organisms, resulting from reproduction.