Which of the Following Statements Is Correct

question 117

Multiple Choice

Which of the following statements is correct?

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

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Definitions:

Effective

Producing the intended or desired result with efficiency.

Edit

The process of reviewing and making changes or corrections to text or media to improve clarity, quality, and accuracy.

Goal

A desired result or outcome that a person or organization aims to achieve.

Opening

The initial part or phase of something, such as an event, book, or business opportunity.