Which of the Following Statements Is Correct

question 514

Multiple Choice

Which of the following statements is correct?

• A) When demand decreases, both the price and the quantity increase.
• B) When demand increases, both the price and the quantity decrease.
• C) When supply increases, the quantity increases and the price falls.
• D) When supply decreases, both the price and the quantity decrease.

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Definitions:

UFOs

Unidentified Flying Objects, referring to any aerial phenomenon that cannot immediately be identified or explained.

Muller-Lyer Illusion

A visual illusion where two lines of equal length appear to be of different lengths because of the presence of inward or outward facing angles at their ends.

Perceptual Illusion

An incorrect perception of a sensory experience, where what we perceive differs from objective reality.

Misleading Cues

Incorrect signals or information that can lead to false assumptions or interpretations.