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:

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a comprehensive classification of officially recognized psychiatric disorders.

ADHD

Attention Deficit Hyperactivity Disorder, a neurodevelopmental disorder characterized by patterns of inattention, hyperactivity, and impulsivity.

Comorbidity

The co-occurrence of two or more disorders or medical conditions in the same individual, often complicating diagnosis, treatment, and prognosis.

Equifinality

A basic principle of developmental psychopathology which holds that one symptom can have many causes.