What Can Cause the Equilibrium Quantity of a Good to Fall

question 25

Multiple Choice

What can cause the equilibrium quantity of a good to fall?

• A) An increase in demand or an increase in supply
• B) A decrease in demand or a decrease in supply
• C) An increase in demand or a decrease in supply
• D) A decrease in demand or an increase in supply

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Definitions:

Stratified Random Sample

A stratified random sample is a sampling method that divides the population into smaller groups, or strata, and randomly selects samples from each stratum.

Simple Random Sample

A subset of a statistical population in which each member has an equal probability of being chosen, ensuring a representative sample.

Videocassette Recorders

A device used for recording and playing back video content on magnetic tape cassettes.

Nonresponse Error

A bias in survey results that happens when the answers of respondents differ from the potential answers of those who did not answer.