​ ​-If the Supply of and Demand for a Product Decrease

question 39

Multiple Choice

​
​
-If the supply of and demand for a product decrease at the same time,then equilibrium

• A) quantity and equilibrium price must both decline.
• B) quantity must decline,but equilibrium price may either rise,fall,or remain unchanged.
• C) price must fall,but equilibrium quantity may either rise,fall,or remain unchanged.
• D) quantity must fall and equilibrium price must rise.

---

Definitions:

Funds

Financial resources set aside for a specific purpose, often pooled together from multiple sources and managed to achieve a specific investment goal.

Collecting

The action or hobby of gathering items of a particular type, often of cultural, historical, or financial value.

Transferred Check

A check that has been signed over by the original recipient to a new recipient, allowing the latter to cash or deposit the check.

Intermediary

An entity that acts as the middleman between two parties in a transaction, helping to facilitate communication and the exchange of goods, services, or information.