Which of the Following Statements Is Correct

question 22

Multiple Choice

Which of the following statements is correct?

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

---

Definitions:

Conscious Role-Playing

The deliberate and mindful act of assuming a role or character, differing from one's own, for learning, therapy, or entertainment.

Divided Consciousness

A theory suggesting that during multitasking, the mind can split into separate streams of awareness.

Divided-Consciousness

Divided-consciousness is a theory suggesting that the mind can operate on multiple levels of consciousness simultaneously, such as during hypnosis, multitasking, or certain mental disorders.

Social Influence

The process by which individuals change their thoughts, feelings, or behaviors as a result of interacting with others, either directly or indirectly.