Holding Supply Constant and Decreasing Demand Will Cause ______

question 178

Multiple Choice

Holding supply constant and decreasing demand will cause ______.

• A) prices to rise and production to fall
• B) prices to fall and production to rise
• C) prices and production both to fall
• D) prices and production both to rise

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Definitions:

Civil Liberties

Fundamental rights and freedoms protected from government interference, such as freedom of speech, right to privacy, and the right to a fair trial, essential for democratic societies.

Émigrés

French term referring to individuals who leave their native country for political reasons, often associated with the French Revolution.

French Revolution

A period of radical social and political upheaval in France from 1789 to 1799 that fundamentally changed the course of French history.

Austria

A landlocked country in Central Europe known for its historical empire, cultural contributions, and as a member of the European Union.