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Suppose a competitive market has a downward-sloping demand curve and a horizontal supply curve.If the supply curve shifts downward,equilibrium price will _____,equilibrium quantity will _____,consumer surplus will _____,and producer surplus will _____.
Contradictory Statements
Assertions that are directly opposed to each other, so that if one is true, the other must be false.
Truth Tables
A mathematical table used in logic to compute the functional values of logical expressions on each of their functional arguments, showing all possible conditions.
Opposite Truth Value
The truth value of a statement that is the direct negation of the original statement's truth value.
Disjunct
A component of a disjunction in logic, representing an alternative within a proposition, where if any disjunct is true, the entire statement is true.
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