Which One of the Following Will Definitely Decrease the Equilibrium

question 92

Multiple Choice

Which one of the following will definitely decrease the equilibrium quantity?

• A)an increase in both demand and supply
• B)a decrease in both demand and supply
• C)an increase in demand combined with a decrease in supply
• D)a decrease in demand combined with an increase in supply
• E)none of the above

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Definitions:

Natural Rights

Fundamental human rights based on universal natural law, predating and regardless of legal systems or governments, such as life, liberty, and property.

The Social Contract

A theory or model, originating during the Age of Enlightenment, that suggests an implied agreement among individuals to form a society and abide by its rules for mutual benefit.

Methodism

Methodism is a Christian Protestant denomination founded by John Wesley in the 18th century, emphasizing personal faith, social justice, and the universal need for salvation.

Equal in God's Eyes

The phrase "Equal in God's Eyes" suggests the belief that all individuals hold the same value and worth, regardless of their circumstances, in the perspective of a divine being or according to religious principles.