Suppose Demand Decreases and Supply Increases

question 355

Multiple Choice

Suppose demand decreases and supply increases. Which of the following will happen?

• A) Equilibrium price will rise, fall, or stay the same while equilibrium quantity will decrease.
• B) Equilibrium price will rise, fall, or stay the same while equilibrium quantity will increase.
• C) Equilibrium quantity will rise, fall, or stay the same and equilibrium price will increase.
• D) Equilibrium quantity will rise, fall, or stay the same while equilibrium price will decrease.
• E) The change in equilibrium price and quantity cannot be determined.

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Definitions:

Water Pollution

The contamination of water bodies (e.g., lakes, rivers, oceans, aquifers) with harmful substances caused by human activities, leading to detrimental effects on aquatic life and human health.

Hearing Damage

Impairment or loss of auditory function, often caused by exposure to loud noise, disease, or aging, affecting communication and quality of life.

DbA

An abbreviation for Doctor of Business Administration, a professional doctoral degree focusing on business research and management practices.

Waterfront Park

A public park situated along a body of water, such as a river, lake, or ocean, often used for recreation and leisure activities.