A Decrease in Demand Will Have What Effect on Equilibrium

question 142

Multiple Choice

A decrease in demand will have what effect on equilibrium price and quantity?

• A)Price will increase; quantity will decrease.
• B)Price will decrease; quantity will increase.
• C)Both price and quantity will increase.
• D)Both price and quantity will decrease.

---

Definitions:

Chief Executive Officer

The highest-ranking executive in a company or organization, responsible for managing the company's overall operations and resources.

Modern Roofing

Advanced roofing techniques and materials that offer improved durability, energy efficiency, and sustainability.

Online Executor

An online executor could refer to a program or service that runs or manages tasks and processes over the internet, however, if implying a legal term, it lacks precise definition in traditional law.

Unscrupulous Fraud

This term describes fraudulent activities conducted without moral principles, often involving deceit or trickery.