Ceteris Paribus, If the Market Demand for a Product Decreases

question 68

Multiple Choice

Ceteris paribus, if the market demand for a product decreases, what will happen to the equilibrium quantity and equilibrium price?

• A) Quantity will be indeterminate and price will decrease.
• B) Quantity and price will both increase.
• C) Quantity will increase and price will be indeterminate.
• D) Quantity and price will both decrease.

---

Definitions:

Networking

The action or process of interacting with others to exchange information and develop professional or social contacts.

Off-Color Joke

Humor that is vulgar, inappropriate, or offensive in nature, usually relating to topics considered taboo or sensitive.

Applied Training

Practical, hands-on education or training aimed at developing specific skills relevant to a field or profession.

Interview Conduct

The manner in which interviews are carried out, encompassing preparation, behavior, and interaction techniques.