Which of the Following Statements Is True

question 123

Multiple Choice

Which of the following statements is true?

• A)A decrease in demand causes a decrease in equilibrium price;the decrease in price causes supply to decrease.
• B)A decrease in demand causes equilibrium price to fall;the decrease in price then results in a decrease in quantity supplied.
• C)If both demand and supply increase,there must be an increase in equilibrium price;equilibrium quantity may either increase or decrease.
• D)If demand decreases and supply increases one cannot determine if equilibrium price will increase or decrease without knowing which change is greater.

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Definitions:

Racial Groups

Categories of humans based on shared physical or social qualities into groups generally viewed as distinct by society. The criteria for such grouping can be controversial and vary widely.

Inner Cities

Urban areas that are close to the central business districts and often characterized by high population density, economic hardship, and sometimes decay.

Basketball Participation

Involves engaging in the sport of basketball, either casually, competitively, or professionally.

Reconstruction Amendments

The Thirteenth, Fourteenth, and Fifteenth Amendments to the United States Constitution, adopted between 1865 and 1870, which abolished slavery, granted citizenship rights, and protected voting rights regardless of race, respectively.