A Decrease in Demand and an Increase in Supply Results

question 94

Multiple Choice

A decrease in demand and an increase in supply results in a(n)

• A) decrease in equilibrium price and an ambiguous effect on equilibrium quantity
• B) increase in equilibrium price and an ambiguous effect on equilibrium quantity
• C) ambiguous effect on equilibrium price and an increase in equilibrium quantity
• D) ambiguous effect on equilibrium price and an decrease in equilibrium quantity
• E) increase in equilibrium price and a decrease in equilibrium quantity

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Definitions:

Age Discrimination

The unfair treatment of individuals based on their age, particularly relevant in employment and opportunities.

AARP

A membership organization for people age 50 and older dedicated to addressing their needs and interests.

Workforce

The group of people who are employed in a company, industry, or country.

Economic Times

A term that might refer to periods classified according to prevailing economic conditions or to a newspaper focusing on economic and financial news.