If Both Supply and Demand Decrease by the Same Amount,the

question 277

Multiple Choice

If both supply and demand decrease by the same amount,the equilibrium price

• A) does not change.
• B) rises.
• C) falls.
• D) cannot be predicted.
• E) None of the answers is correct because the price depends on what happens to the equilibrium quantity.

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Definitions:

Prostaglandins

A group of physiologically active lipid compounds having diverse hormone-like effects in animals.

Organic Molecule

A compound that contains carbon atoms bonded together, often with hydrogen, oxygen, and other elements, and is part of living organisms.

Amino Acid

A building block of proteins, consisting of a basic amino group, an acidic carboxyl group, and a unique side chain.

Sulfur

A chemical element with symbol S and atomic number 16, known for its bright yellow color and importance in both organic molecules and inorganic minerals.