Which of the Following Statements Is Correct

question 453

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 supply increases, the quantity decreases and the price rises.
• D) When demand decreases, the price rises and the quantity decreases.

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Definitions:

Experience

Refers to the knowledge or skill that one gains over time through involvement in or exposure to activities.

Frontal Lobes

This region of the brain, situated at the forefront of each cerebral hemisphere, is accountable for voluntary movements, the production of speech, and the oversight of advanced executive tasks.

Temporal Lobes

Regions of the brain located on either side of the head above the ears, involved in processing auditory information and encoding memory.

Occipital Lobes

The portion of the cerebral cortex lying at the back of the head; includes areas that receive information from the visual fields.