A Decrease in the Interest Rate, All Other Things Unchanged

question 4

Multiple Choice

A decrease in the interest rate, all other things unchanged, ________ the supply of an exhaustible natural resource and ________ the current price of the resource.

• A) increases; increases
• B) increases; decreases
• C) decreases; increases
• D) decreases; decreases

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Definitions:

Intestate

Having died without leaving a valid will.

Testator

A deceased person who died leaving a will.

Revoke

To officially cancel or withdraw a right, permission, or offer, rendering it no longer valid or in effect.

Partial Revocation

A concept in wills and trusts law where a testator can revoke or cancel a portion of the will while leaving the rest intact.