If Both Supply and Demand Decrease by the Same Amount,the

question 277

Multiple Choice

If both supply and demand decrease by the same amount,the equilibrium price

• A) does not change.
• B) rises.
• C) falls.
• D) cannot be predicted.
• E) None of the answers is correct because the price depends on what happens to the equilibrium quantity.

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Definitions:

Probability Sampling

A sampling method where every member of a population has a known and non-zero chance of being selected in the sample.

Research Groups

Teams or collectives of academics, scientists, or scholars dedicated to studying specific subjects or conducting experiments in their field.

Violent Media Content

Media material, such as movies, television shows, and video games, that depicts scenes of physical violence, which may influence viewer behavior and attitudes.

Experimental Group

In research, the group that receives the treatment or intervention being tested, as opposed to a control group which does not, intended to measure the effect of the treatment.