A Decrease in Supply with No Change in Demand Will

question 12

Multiple Choice

A decrease in supply with no change in demand will lead to _____ in equilibrium quantity and _____ in equilibrium price.

• A)an increase; an increase
• B)an increase; a decrease
• C)a decrease; an increase
• D)a decrease; a decrease

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Definitions:

Canadian Radio

The sector of the Canadian media that includes all radio broadcasting and services distributed throughout Canada, regulated by the Canadian Radio-television and Telecommunications Commission (CRTC).

Television Programs

Scheduled content broadcasted through television channels, including series, movies, news, and educational shows.

Social Theorist

A social theorist is an individual who develops theories to explain how societal structures, relationships, and institutions operate and affect humans.

Mass Media

Forms of communication, such as television, radio, newspapers, and the internet, that reach large audiences simultaneously.