When Demand Increases and Supply Decreases by the Same Amount,the

question 51

Multiple Choice

When demand increases and supply decreases by the same amount,the equilibrium quantity ________ and the equilibrium price ________.

• A) decreases; rises
• B) decreases; falls
• C) decreases; does not change
• D) decreases; might rise, fall, or not change
• E) does not change; might rise, fall, or not change

---

Definitions:

Mnemonic

A device, such as a pattern of letters, ideas, or associations, that assists in remembering something.

Method of Loci

A mnemonic strategy involving the use of familiar spatial environments to easily recall information.

Memoranda

Written notes or records used for communication or to aid in remembering information.

Link Method

A mnemonic technique that involves forming a mental image of items to be remembered in a way that links them together.