If Demand Decreases and Supply Increases, Then the

question 79

Multiple Choice

If demand decreases and supply increases, then the

• A)effect on both equilibrium price and quantity is unknown.
• B)equilibrium price rises, but the effect on the equilibrium quantity is unknown.
• C)equilibrium quantity decreases, but the effect on the equilibrium price is unknown.
• D)equilibrium quantity increases, but the effect on the equilibrium price is unknown.
• E)equilibrium price falls, but the effect on the equilibrium quantity is unknown.

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Definitions:

Check Register

A record book used to keep track of all the checks issued, deposits made, and current balance in a checking account.

Bank Statement

A summary of financial transactions that have occurred over a given period on a bank account.

Service Charge

A fee collected for services provided, often added to a bill in restaurants, hotels, or other service industries.

Interest

The cost of borrowing money or the return earned on an investment, expressed as a percentage of the principal.