With a Given Supply Curve, a Decrease in Demand Leads

question 13

Multiple Choice

With a given supply curve, a decrease in demand leads to

• A) a decrease in equilibrium price and an increase in equilibrium quantity.
• B) an increase in equilibrium price and a decrease in equilibrium quantity.
• C) a decrease in equilibrium price and a decrease in equilibrium quantity.
• D) no change in price and a decrease in equilibrium quantity.
• E) none of the above

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Definitions:

Vegetation

The plants and plant life of a region or ecosystem, serving key roles in habitats by providing food and oxygen and influencing water cycles.

Increasing Latitude

Refers to moving towards the poles (north or south) from the equator, generally associated with changes in climate, biodiversity, and daylight hours.

Permafrost

A layer of soil or rock, below the surface of the earth, that remains frozen for two or more consecutive years, found mostly in polar regions.

Permanently Frozen Ground

Ground that remains at or below 0°C (32°F) for at least two consecutive years, typically found in polar regions, known as permafrost.