-A Decrease in Supply Will Have What Effect on Equilibrium

question 177

Multiple Choice

-A decrease in supply will have what effect on equilibrium price and quantity?

• A)Price will increase; quantity will decrease.
• B)Price will decrease; quantity will increase.
• C)Both price and quantity will increase.
• D)Both price and quantity will decrease.

---

Definitions:

Ilium

The largest bone of the pelvis, forming the uppermost part.

Ischium

One of the three bones that make up the pelvis, forming the lower and back part of the hip bone.

Osteoblasts

Cells responsible for bone formation.

Bone Growth

A physiological process resulting in the increase in size of bones, involving the production of new bone tissue through ossification or calcification.