If the Demand Increases and the Supply Decreases, It Is

question 104

True/False

If the demand increases and the supply decreases, it is impossible to say what will happen to the price.

---

Definitions:

Price of Clothing

The amount of money required to purchase garments, influenced by factors like brand, quality, and market demand.

Economic Stimulus Package

A set of economic measures put forth by a government to stimulate a floundering economy and promote growth.

Budget Line

A graphical representation of all possible combinations of two goods that a consumer can purchase at given prices within his or her income.

Indifference Map

A graphical representation of combinations of goods between which a consumer is indifferent, showing preferences and trade-offs.