Match the Correct Answer to Each Statement

question 38

Short Answer

Match the correct answer to each statement.
(a) If the demand for mangos increases but the supply decreases:
(b) If the demand for and supply of hybrid cars both increase:
(c) If demand for CDs decreases and the supply increases:

(i) quantity will increase and price could increase or decrease.
(ii) price will increase, and quantity could increase or decrease.
(iii) price will decrease and the quantity could increase or decrease.

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Definitions:

Palestinians

People originally from the historical Palestine region, who may live in the West Bank, Gaza Strip, Israel, or as part of a global diaspora.

Iraqis

People originating from or associated with Iraq, a country in Western Asia.

Gulf War

A conflict that occurred in 1990-1991, initiated by Iraq's invasion of Kuwait, leading to a military intervention by coalition forces led by the United States.

Jihad

In Islam, a term referring to the spiritual struggle against sin; often misconstrued as solely relating to holy war.