When Demand Increases and Supply Decreases by the Same Amount

question 139

Multiple Choice

When demand increases and supply decreases by the same amount, the equilibrium quantity ________ and the equilibrium price ________.

• A) decreases; might rise, fall or not change
• B) does not change; rises
• C) decreases; rises
• D) decreases; falls
• E) does not change; might rise, fall or not change

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Definitions:

IP Address

An Internet Protocol Address is a unique string of numbers separated by periods that identifies each computer using the Internet Protocol to communicate over a network.

Key Pair

A set of two unique keys in cryptography, one public and one private, used together to encrypt and decrypt messages.

Computer Protocol

A set of rules for exchanging electronic information.

Static Address

A permanent IP address assigned to a device on the Internet or a local network.