Figure 4.7 -If Demand Falls in Figure 4.7,then the Equilibrium

question 189

Multiple Choice

Figure 4.7
-If demand falls in Figure 4.7,then the equilibrium

• A) price and quantity rise.
• B) price rises and quantity falls.
• C) price falls and quantity rises.
• D) price and quantity fall.

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Definitions:

Fiscal Impact

The effect of government spending and tax policies on the economy, including changes in revenue, expenditure, and debt levels.

Illegal Immigration

The act of moving to a country in violation of its immigration laws, often to seek work, shelter, or higher quality of life.

Fiscal Burden

Refers to the financial obligations imposed on taxpayers by the government, including taxes and government spending.

Immigrant Household

A household in which the primary members have relocated from another country.