The Equilibrium Quantity Will Decrease and the Price Might Rise

question 322

Multiple Choice

The equilibrium quantity will decrease and the price might rise, fall, or stay the same when the

• A) demand and the supply of a good both increase.
• B) demand for a good increases and the supply of it decreases.
• C) demand for a good decreases and the supply of it increases.
• D) demand and the supply of a good both decrease.

---

Definitions:

Account Receivable

is money owed to a business by its customers for goods or services provided on credit.

Credit Evaluation

The assessment of the creditworthiness of a loan applicant or borrower.

Conditions

Specific requirements, terms, or circumstances that define how something is to be done or what must happen.

Cessation

The act of stopping or discontinuing a process, operation, or activity.