When the Demand for a Good Decreases, Its Equilibrium Price

question 438

Multiple Choice

When the demand for a good decreases, its equilibrium price ________ and equilibrium quantity ________.

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

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Definitions:

Report Layout View

A feature in database and reporting software that allows users to visually design and modify the layout of reports.

Blank Report Button

A feature in some software applications that enables users to create a new report from scratch with no predefined formatting.

Create Tab

In software applications, a function or area where users can initiate the creation of new elements, documents, or datasets within the application.

Form Design View

A mode in database and form building applications where users can create or modify the layout and structure of a form.