The Equilibrium Quantity Will Decrease and the Price Might Rise

question 49

Multiple Choice

The equilibrium quantity will decrease and the price might rise, fall, or stay the same when the

• A) demand for a good decreases and the supply of it increases.
• B) demand and the supply of a good both increase.
• C) demand and the supply of a good both decrease.
• D) demand for a good increases and the supply of it decreases.

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Definitions:

Moral

Relating to principles of right and wrong behavior and the goodness or badness of human character.

Conservation

The principle that certain properties of objects, like volume or mass, remain the same even when their form or appearance changes, in cognitive development theory.

Quantity

The amount or number of a material or immaterial thing not requiring a unit of measure.

Attachment

Attachment refers to the emotional bond that forms between individuals, often initially between a child and caregiver, which influences relationships throughout life.