If Demand Increases and Supply Decreases

question 69

Multiple Choice

If demand increases and supply decreases,

• A)equilibrium price will fall and equilibrium quantity will rise
• B)equilibrium price and quantity will both rise
• C)equilibrium quantity will rise; equilibrium price will either rise or fall
• D)equilibrium price will fall; equilibrium quantity will either rise or fall
• E)equilibrium price will rise; equilibrium quantity will either rise, fall, or remain unchanged

---

Definitions:

Parallelism

The use of components in sentences that are grammatically the same, or similar in their construction, sound, meaning, or meter.

Consistency

The quality of maintaining a uniform, stable, and predictable character or performance over time.

Concise Language

The use of few words to convey an idea effectively without unnecessary elaboration.

Antidepressants

Medications used to treat depression and other mental health conditions by adjusting chemicals in the brain.