A Decrease in the Number of Consumers in a Market

question 128

Multiple Choice

A decrease in the number of consumers in a market causes market demand to:

• A) decrease, resulting in a surplus which will be eliminated as price rises.
• B) decrease, resulting in a surplus which will be eliminated as price falls.
• C) increase, resulting in a shortage which will be eliminated as price rises.
• D) increase, resulting in a shortage which will be eliminated as price falls.

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Definitions:

Gospel Manuscripts

Ancient texts that contain the writings of the four Gospels of the New Testament, often decorated and illuminated in various artistic styles.

Moissac

A commune in France, notable for its Abbey Church of Saint-Pierre, which showcases remarkable Romanesque sculpture and architecture.

Eadwine Psalter

A medieval illuminated manuscript, known for being one of the most lavishly decorated psalters from the 12th century.

Cistercian Churches

Churches built in the style associated with the Cistercian Order, characterized by simplicity, austerity, and a focus on light.