Which of the Following Events Must Cause Equilibrium Price to Fall

question 81

Multiple Choice

Which of the following events must cause equilibrium price to fall?

• A)demand increases and supply decreases
• B)demand and supply both decrease
• C)demand decreases and supply increases
• D)demand and supply both increase

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Definitions:

Contradictories

In logic, statements that are in direct opposition to each other, where if one is true, the other must be false, and vice versa.

Converses

Statements in which the hypothesis and the conclusion (or subject and predicate) are switched in places.

Contrapositive

A logical statement formed by negating and swapping the positions of the hypothesis and conclusion of the converse of a conditional statement.

Amelodic

Lacking a coherent melody or not based on traditional harmonic structures.