Which of the Following Statements Is Correct

question 107

Multiple Choice

Which of the following statements is correct?

• A) If demand increases and supply decreases, equilibrium price will fall.
• B) If supply increases and demand decreases, equilibrium price will fall.
• C) If demand decreases and supply increases, equilibrium price will rise.
• D) If supply declines and demand remains constant, equilibrium price will fall.

---

Definitions:

Cultures

The shared values, traditions, norms, customs, arts, history, and collective identity developed by groups of people.

Subcultures

Groups within a larger culture that have their own distinct values, norms, and practices, often distinguishing themselves from the mainstream.

Gender Differences

The distinctions in behaviors, roles, expectations, and activities culturally assigned to men and women.

Sports

Competitive physical activities or games that adhere to rules and involve skill, strength, or luck.