-Using the Above Figure, Suppose There Is a Decrease in the Number

question 407

Multiple Choice

-Using the above figure, suppose there is a decrease in the number of suppliers. Then

• A) the equilibrium price will decrease below $25 per dozen roses.
• B) we cannot predict what will happen to equilibrium quantity.
• C) the equilibrium quantity will decrease below 10 dozen roses.
• D) both the equilibrium price and quantity will increase.

---

Definitions:

Workforce

The workforce encompasses all the people engaged in or available for work, either in a particular country or in a specific industry or company.

Social Support

Assistance and comfort supplied by a network of caring, interested people. Such support plays a critical role in successful aging.

Controversial Adolescent

Refers to a young person during puberty who is known for being involved in or causing disagreements or discussions characterized by differing opinions and views.

Proximity

is the state of being close or near in space, time, or relationship, which can influence social interactions and personal relationships.