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If Both Market Demand and Supply Decrease Simultaneously, Then Equilibrium

question 18

Multiple Choice

If both market demand and supply decrease simultaneously, then equilibrium quantity will (be) ____ and equilibrium price will (be) ____.


Definitions:

Earnings Before Taxes (EBT)

A measure of a company's profitability that calculates income before the deduction of tax expenses.

Free Cash Flow

The sum of money a business produces once it subtracts the cash spent to sustain its operations and upkeep of its capital assets.

Operating Costs

Expenses associated with running a business's core operations on a daily basis, excluding the cost of goods sold.

Net Operating Working Capital

Net operating working capital is a financial measure that represents the difference between operating current assets and operating current liabilities.

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