When Demand Falls and Supply Remains the Same,equilibrium Price _______

question 253

Multiple Choice

When demand falls and supply remains the same,equilibrium price _______ and equilibrium quantity ________.

• A)falls,falls
• B)rises,rises
• C)falls,rises
• D)rises,falls

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Definitions:

Rapid Tolerance

The process by which an individual quickly becomes less responsive to a substance or stimulus after initial exposure.

Opioid Epidemic

A serious public health crisis caused by the widespread abuse of and addiction to opioids, including prescription pain relievers, heroin, and synthetic opioids.

Physical Dependence

A physiological state of adaptation to a substance, resulting in withdrawal symptoms when the substance is reduced or discontinued.

Psychological Dependence

A condition characterized by an emotional or mental attachment to a substance, behavior, or activity.