-In Figure1.1, If Demand Falls, Then Equilibrium

question 8

Multiple Choice

-In Figure1.1, if demand falls, then equilibrium:

• A)price and quantity fall.
• B)price and quantity rise.
• C)price falls and quantity rises.
• D)prices rises and quantity falls.

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Definitions:

Pretzels

Salted or unsalted baked snacks known for their twisted knot shape, originating from Europe.

Lemonade

A sweetened beverage made from lemon juice, water, and sugar, often consumed as a refreshing drink.

Gallons

A unit of volume used primarily in the United States for measuring liquids, equivalent to 3.785 liters.

Meals

Prepared food items intended for consumption, typically encompassing breakfast, lunch, and dinner.