A Simultaneous Decrease in the Demand and the Supply of Good

question 207

True/False

A simultaneous decrease in the demand and the supply of good X always leads to a decrease in the price of good X.

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Definitions:

OSH Act

The Occupational Safety and Health Act, a law aimed at ensuring safe and healthy working conditions by setting and enforcing standards and by providing training, outreach, education, and assistance.

Aggressive Enforcement

The rigorous application and execution of laws and regulations to ensure compliance.

Fair Labor Standards Act

U.S. legislation that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards affecting full-time and part-time workers in the federal, state, and local governments, as well as in the private sector.

EPA

Stands for Environmental Protection Agency, a U.S. government agency tasked with protecting human health and the environment through regulations and enforcement.