A Decrease in Both Equilibrium Price and Quantity Could Be

question 167

Multiple Choice

A decrease in both equilibrium price and quantity could be produced by a(n)

• A) decrease in supply,with demand constant
• B) increase in supply,with demand constant
• C) decrease in demand,with supply constant
• D) increase in demand,with supply constant
• E) improvement in technology

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Definitions:

Compounded Quarterly

This refers to the process where interest is calculated and added to the principal sum of an investment or loan on a quarterly basis.

12%

A representation of twelve parts in a hundred, often used to describe interest rates, growth percentages, or discounts.

3 Years

A period or duration of three calendar years.

Compounded Monthly

Interest calculated on the principal and also on the accumulated interest of previous periods, with the compounding process happening every month.