With a Given Supply Curve, a Decrease in Demand Causes

question 39

Multiple Choice

With a given supply curve, a decrease in demand causes:

• A) a decrease in price but an increase in equilibrium quantity.
• B) an increase in price but a decrease in equilibrium quantity.
• C) a decrease in equilibrium price and quantity.
• D) a reduction in equilibrium quantity with no effect on price.

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Definitions:

Biceps Femoris

A muscle of the thigh that forms part of the hamstrings, involved in knee flexion and hip extension.

Vastus Intermedius

is a muscle located in the thigh, lying deep to the rectus femoris and part of the quadriceps muscle group.

Rectus Femoris

A muscle in the quadriceps that extends the knee and helps in hip flexion.

Extensor Pollicis Brevis

A muscle in the forearm that extends the thumb.