Which of the Following Statements Is Correct

question 107

Multiple Choice

Which of the following statements is correct?

• A) If demand increases and supply decreases, equilibrium price will fall.
• B) If supply increases and demand decreases, equilibrium price will fall.
• C) If demand decreases and supply increases, equilibrium price will rise.
• D) If supply declines and demand remains constant, equilibrium price will fall.

---

Definitions:

Intimacy

A close, familiar, and usually affectionate or loving personal relationship with another person or group.

Identity Formation

The process of developing a distinct personality and sense of self, influenced by various social and internal factors throughout one's life.

Early Maturation

The process of reaching physical and sexual development earlier than the typical age range in children and adolescents.

Social Advantage

The benefits or favorable positions in society, often arising from the social standing, connections, or cultural knowledge one possesses.