When the Supply of a Good Decreases and the Demand

question 54

Multiple Choice

When the supply of a good decreases and the demand for the good remains unchanged,consumer surplus

• A)decreases.
• B)is unchanged.
• C)increases.
• D)may increase,decrease,or remain unchanged.

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Definitions:

Friendships

A mutual relationship between two people who hold mutual affection for each other.

Community Resources

Various supports, services, and facilities available within a community that can be utilized to improve the quality of life for its members, including libraries, parks, educational programs, and health clinics.

School Policies

Regulations and principles set by academic institutions to control actions and processes within the educational setting.

Geographic Area

A specific physical region or location defined by natural or artificial boundaries.