In the Following Question You Are Asked to Determine,other Things

question 79

Multiple Choice

In the following question you are asked to determine,other things equal,the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for,or supply (S) of,X; (2) the equilibrium price (P) of X;and (3) the equilibrium quantity (Q) of X. Refer to the given information.A decrease in the number of consumers of product X will:

• A) decrease S,decrease P,and decrease Q.
• B) increase D,increase P,and increase Q.
• C) decrease D,decrease P,and decrease Q.
• D) decrease D,decrease P,and increase Q.

---

Definitions:

US Dollar

the official currency of the United States, widely used as a standard of exchange in international markets.

Appreciate

In finance, a term used to describe an increase in the value of an asset over time. In general usage, it can also mean to recognize the worth or value of something.

Currency Devaluation

A deliberate downward adjustment of a country's currency value relative to another currency, group of currencies, or standard.

Export Producers

businesses or individuals that produce goods or services for sale in foreign markets outside their own country.