If the Supply of a Product Decreases,then We Would Expect

question 10

Multiple Choice

If the supply of a product decreases,then we would expect equilibrium price

• A)to increase and equilibrium quantity to decrease.
• B)to decrease and equilibrium quantity to increase.
• C)and equilibrium quantity to both increase.
• D)and equilibrium quantity to both decrease.

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Definitions:

Canterbury Earthquake

A significant seismic event that occurred in the Canterbury region of New Zealand, most notably in February 2011, causing widespread damage and loss of life.

Magnitude

A measure of the amount of energy released by an earthquake; used to compare sizes of earthquakes.

Landslide

The movement of rock, earth, or debris down a slope due to gravity, often triggered by factors like rainfall, earthquakes, or human activity.

Subduction Zone

A region of the Earth's crust where one tectonic plate is being forced under another, often resulting in volcanic activity and earthquakes.