Consider a Market That Is in Equilibrium

question 137

Multiple Choice

Consider a market that is in equilibrium.If it experiences a decrease in supply,what will happen? The supply curve will shift to the:

• A) left and the equilibrium price and quantity will rise.
• B) left and the equilibrium price will increase and the equilibrium quantity will decrease.
• C) left and the equilibrium price and quantity will fall.
• D) right and the equilibrium price and quantity will fall.

---

Definitions:

Relates

Describes the connection or association between two entities, typically within a database or a logical structure.

Indexed

A method of storing data in a database in such a way that it improves the speed of data retrieval operations on a database table.

Database Performance

The measure of how efficiently and effectively a database system processes queries, updates, and other operations.

Table Design

The process or practice of defining the structure, relationships, and properties of tables within a database.