Which of the Following Statements Is Correct

question 242

Multiple Choice

Which of the following statements is correct?

• A) When both demand and supply increase, the quantity decreases and the price might rise, fall, or remain the same.
• B) When both demand and supply increase, the price rises and the quantity might increase, decrease, or remain the same.
• C) When both demand and supply decrease, the quantity increases and the price might rise, fall, or remain the same.
• D) When both demand and supply decrease, the quantity decreases and the price might rise, fall, or remain the same.

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Definitions:

Duress

A situation in which someone performs an act as a result of violence, threat, or other pressure against them, often impacting the legality or validity of agreements made under such conditions.

Undue Influence

Improper or unfair persuasion exerted on someone to coerce them into making a decision they would not otherwise make.

Wrongful Coercion

The act of compelling someone to act in a certain way by use of threats, intimidation, or some other form of pressure that is illegal or unjust.

Unfair Persuasion

A legal concept in contract law where one party significantly influences another to enter into an agreement against their free will or without full understanding.