When the Demand for a Good Decreases,its Equilibrium Price ________

question 182

Multiple Choice

When the demand for a good decreases,its equilibrium price ________ and equilibrium quantity ________.

• A) falls; decreases
• B) falls; increases
• C) rises; decreases
• D) rises; increases
• E) falls; does not change

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Definitions:

Comparative Methods

Research techniques that involve comparing elements from different systems, or different points in time, to understand their function or development.

Forced Distribution

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Critical Incident Diaries

A method for recording and analyzing significant occurrences to improve decision-making and problem-solving in organizations.

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Standards or metrics used to evaluate an employee's effectiveness, efficiency, and productivity in fulfilling their job responsibilities.