In the Market for Oranges, the Demand and Supply of Oranges

question 150

Multiple Choice

In the market for oranges, the demand and supply of oranges decrease by the same amount. The equilibrium quantity will ________ and the equilibrium price will ________.

• A) decrease; not change
• B) decrease; fall
• C) remain the same; either rise or fall
• D) remain the same; rise

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Definitions:

Monetary Data

Information or records relating to the management, exchange, value, and use of money.

Database

A structured collection of data stored in a computer system, allowing for efficient retrieval, insertion, and management of data.

Automatically Creates

Refers to a process or operation that is executed by a system or software without manual initiation by the user.

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A specific identifier assigned to a single entity in a system, ensuring that each entity is distinguishable from others.