Which of the Following Statements Is Correct

question 107

Multiple Choice

Which of the following statements is correct?

• A) If demand increases and supply decreases, equilibrium price will fall.
• B) If supply increases and demand decreases, equilibrium price will fall.
• C) If demand decreases and supply increases, equilibrium price will rise.
• D) If supply declines and demand remains constant, equilibrium price will fall.

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Definitions:

Tetrahydrocannabinol

The main psychoactive component of cannabis, responsible for the plant's intoxicating effects.

Psilocybin

A naturally occurring psychedelic compound produced by more than 200 species of mushrooms, known for its mind-altering effects including changes in perception and mood.

Acetylcholine

A neurotransmitter in the nervous system that plays an important role in muscle contraction, arousal, sleep, and memory.

Night Terrors

Intense episodes of fear that occur during sleep, typically in children, characterized by screaming, sweating, and confusion but little or no recall of the event upon awakening.