If Consumers Are Less Willing and Able to Pay for Each

question 100

Multiple Choice

If consumers are less willing and able to pay for each level of output than they were previously, what is the effect in the market?

• A) Demand will decrease.
• B) Supply will decrease.
• C) Demand will increase.
• D) Supply will increase.

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Definitions:

Cerebellum

A part of the brain at the back of the skull in vertebrates, responsible for coordinating and regulating voluntary movements.

Coordination

The ability to use different parts of the body together smoothly and efficiently or to organize effectively among groups.

Cerebellum

A part of the brain located at the back of the skull that is responsible for coordinating and regulating muscular activity.

Equilibrium

A state of balance or stability, where different elements are in the correct proportions or relation to each other.