In a Competitive Market,a Decrease in Consumer Demand Leads to

question 93

Multiple Choice

In a competitive market,a decrease in consumer demand leads to

• A)a decrease in output
• B)an increase in output
• C)economic profits
• D)higher prices
• E)technological innovation

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Definitions:

Transportation Corps

A branch of the US Army responsible for the movement of personnel and materiel by truck, rail, air, and sea, crucial in logistical support during conflicts.

Congressional Medal of Honor

The highest and most prestigious personal military decoration that can be awarded to recognize U.S. military service members for acts of valor.

Second World War

A global conflict that lasted from 1939 to 1945, involving most of the world's nations including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.

Black Migration

The movement of African Americans from the rural Southern United States to urban areas within the country, especially notable during the Great Migration.