Which of the Following Statements Is CORRECT

question 114

Multiple Choice

Which of the following statements is CORRECT?

• A) When both demand and supply increase, the quantity decreases and the price might rise, fall, or remain the same.
• B) When both demand and supply increase, the price rises and the quantity might increase, decrease, or remain the same.
• C) When both demand and supply decrease, the quantity increases and the price might rise, fall, or remain the same.
• D) When both demand and supply decrease, the quantity decreases and the price might rise, fall, or remain the same.

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Definitions:

Unifying Themes

Central ideas or concepts that are common across a wide range of subjects, serving to link different areas of study or thought.

Psychological

Pertains to the mind or mental processes and how these affect behavior and well-being.

Psychoactive Drugs

Substances that can alter perception, mood, consciousness, or behavior by affecting the central nervous system.

Lethal Overdose

The consumption of a toxic amount of a substance, which is sufficient to cause death.