If the Supply of a Good Increases While Its Demand

question 109

True/False

If the supply of a good increases while its demand decreases, then the equilibrium price will fall.

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Definitions:

Economic Espionage Act

is a United States law making the theft or misappropriation of trade secrets a federal crime.

Foreign Corrupt Practices Act

A U.S. law that prohibits companies from bribing foreign government officials to maintain or obtain business.

Transparency International

A non-governmental organization that aims to combat global corruption and prevent criminal activities arising from corruption.

Consumer Bill of Rights

The Consumer Bill of Rights is a set of guidelines that aim to protect consumers in the marketplace by ensuring fair trade practices and the right to safety, to be informed, to choose, and to be heard.