You Notice That the Price and Quantity of Wheat Both

question 214

Multiple Choice

You notice that the price and quantity of wheat both decrease. This observation can be the result of the

• A) demand curve for wheat shifting rightward.
• B) demand curve for wheat shifting leftward.
• C) supply curve of wheat shifting rightward.
• D) supply curve of wheat shifting leftward.

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Definitions:

Rescind

To rescind is to revoke, cancel, or repeal a contract, agreement, or law, effectively making it as if it never existed.

Agreement

A mutual understanding or arrangement between two or more parties that outlines the terms and conditions of a specific course of action.

Fraud

Intentional deception made for personal gain or to damage another individual.

Voidable Contract

A voidable contract is a legal agreement that may be annulled or declared invalid by one of the parties due to certain defects, while remaining valid until such action is taken.