If Supply of a Product Increases and Demand for the Product

question 39

True/False

If supply of a product increases and demand for the product decreases, equilibrium quantity will definitely change.

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Definitions:

Dishonor

The refusal or inability to pay a financial obligation or honor a contractual agreement.

Forged Check

A check that has been illegally altered or signed by someone other than the account holder, without authorization.

Bank Statement

A summary issued by a bank detailing all transactions in an account over a specific period of time.

Responsibility

The state or fact of having a duty to deal with something or of having control over someone, often involving ethical or moral obligations.