If Supply of a Product Increases and Demand for the Product

question 81

True/False

If supply of a product increases and demand for the product decreases, equilibrium price will definitely change.

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Definitions:

Countercultural Groups

are social groups that reject the prevailing norms and values of society in favor of alternative lifestyles or beliefs.

Social Justice

A principle calling for fair and just relations between the individual and society, emphasizing equal rights, opportunities, and treatment.

Anti-racist

A stance or policy involving the active opposition to racism and the promotion of racial tolerance and equality.

White Supremacist

An individual who believes in the superiority of the white race over others and typically seeks to assert or maintain white dominance in society.