If There Is a Decrease in Demand for Lettuce, We

question 155

Multiple Choice

If there is a decrease in demand for lettuce, we would expect

• A) both the price and quantity sold to increase.
• B) both the price and quantity sold to decrease.
• C) the price to decrease and the quantity sold to increase.
• D) the price to increase and the quantity sold to decrease.

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Definitions:

Total Employment

The total number of people employed in an economy at a given time, including both full-time and part-time workers.

Unemployed People

Individuals who are capable of working and actively seeking employment but are unable to find a job.

Unemployment Insurance

A government program that provides financial assistance to individuals who are unemployed through no fault of their own, offering temporary financial support while they look for new employment.

Post World War II

The period after the end of World War II, generally considered to have started in 1945, marked by significant social, political, and economic changes globally.