When the Demand for a Good Decreases, Its Equilibrium Price

question 322

Multiple Choice

When the demand for a good decreases, its equilibrium price _________and equilibrium quantity___________

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

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Definitions:

Emotional Feeling

An internal subjective experience of emotions, often associated with thoughts, physiological changes, and behaviors.

Footbridge Dilemma

A moral decision-making scenario used in psychology to explore ethical reasoning, wherein one must choose whether to sacrifice one life to save others.

Moral Dilemma

A situation in which a difficult choice has to be made between two or more actions, each of which is morally challenging or compromising.

Emotional Intelligence

The capacity to identify, comprehend, control, and logically interact with one's own emotions and those of other people.