Which of the Following Statements Is True

question 10

Multiple Choice

Which of the following statements is true?

• A)A decrease in demand causes a decrease in the equilibrium price; the decrease in price causes supply to decrease.
• B)A decrease in demand causes the equilibrium price to fall; the decrease in price then results in a decrease in quantity supplied.
• C)If both demand and supply increase,there must be an increase in the equilibrium price; equilibrium quantity may either increase or decrease.
• D)If demand decreases and supply increases one cannot determine if the equilibrium price will increase or decrease without knowing which change is greater.

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Definitions:

Commercial Truck Wheel Ends

The assembly at the end of a truck's axle, including components like the wheel hub, bearings, and lug nuts, crucial for wheel attachment and rotation.

Seating At The Bead

The process of ensuring the edge of a tire is properly positioned against the rim of the wheel, securing the tire in place.

Metal Ring Inflation Aid

A tool or device used to help inflate and seat the bead of a tire onto the wheel rim using a metal ring.

Tire Pressure Control Systems

Automotive systems designed to monitor and adjust the air pressure inside vehicle tires, enhancing performance and safety.