If the Supply Decreases, the Result Is _____ Equilibrium Price

question 2

Multiple Choice

If the supply decreases, the result is _____ equilibrium price and _____ equilibrium quantity.

• A) lower; lower
• B) lower; higher
• C) higher; lower
• D) higher; higher

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Definitions:

Cast Operator

The Cast Operator is used in programming to manually change an expression to a specific type.

Explicitly Converted

Refers to the process of manually converting a data type into another data type in programming, also known as type casting.

Basic Rule Of Testing

Ensures that a software application or system behaves as expected under specified conditions, typically involving validation and verification processes.

Header Files

Code files included at the beginning of a source file in programming, providing access to external functions and variables.