Which of the Following Statements Is Correct

question 71

Multiple Choice

Which of the following statements is correct?

• A) When demand increases, both the price and the quantity increase.
• B) When supply decreases, both the price and the quantity decrease.
• C) When demand decreases, the price rises and the quantity decreases.
• D) When supply increases, the quantity decreases and the price rises.

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Definitions:

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.

Agreeableness

A personality trait characterized by attributes such as trust, altruism, kindness, affection, and other prosocial behaviors.

Social Comparison

The process by which individuals evaluate their own abilities, achievements, and conditions in comparison to others.

Persuasive Arguments

Reasonings or logics presented with the intent to convince or influence others to adopt a certain belief or take specific action.