-If Demand for a Good Is Represented by Curve D

question 146

Multiple Choice

-If demand for a good is represented by curve D' in Figure 5-10,then a decrease in supply of the good will cause

• A)both the equilibrium price and revenue to rise
• B)both the equilibrium price and revenue to fall
• C)the equilibrium price to rise,but revenue to fall
• D)the equilibrium price to fall,but revenue to rise
• E)neither the equilibrium price nor revenue to change

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Media Industry

The sector of the economy dedicated to the production and distribution of media content, such as broadcasting, publishing, internet media, and film production.

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The journalistic principle that aims to present news and information in a balanced, impartial, and unbiased manner, without letting personal opinions influence the coverage.

Social Positions

The relative standing or rank of individuals or groups in society, often determined by socio-economic factors, profession, or cultural influence.

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