If the Number of Buyers in the Market Decreases, What

question 213

Multiple Choice

If the number of buyers in the market decreases, what will happen?

• A)Demand in the market will increase.
• B)Demand in the market will decrease.
• C)Supply in the market will increase.
• D)Supply in the market will decrease.

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Definitions:

Repossession

The process by which a creditor takes back property or goods from the borrower due to failure to make scheduled payments.

Defaulted

Refers to failing to fulfill a legal obligation, especially failure to pay a debt or appear in court as required.

Foreclosed

The legal process by which a lender takes possession of a property due to the borrower's failure to pay the mortgage.