If Supply of a Good Increases While Its Demand Decreases,then

question 73

True/False

If supply of a good increases while its demand decreases,then equilibrium price will fall.

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Definitions:

Liability

Legal responsibility for one's actions or inactions, which may result in financial restitution or penalties.

Fiduciary Duty

A legal obligation requiring one party (the fiduciary) to act solely in another party's (the beneficiary's) interest when managing the latter's assets, involving loyalty and care.

Shareholder's Legal Duties

Obligations imposed on shareholders, including acting in the best interest of the corporation and adhering to corporate laws and regulations.

Majority Shareholders

Individuals or entities that own more than half of the total shares of a corporation, giving them significant control over company decisions.