What Will Happen If Both the Demand for and the Supply

question 71

Multiple Choice

What will happen if both the demand for and the supply of a product decrease simultaneously?

• A)The effect on the quantity traded is indeterminate.
• B)The quantity traded will increase.
• C)The quantity traded will decrease.
• D)The price will fall.

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Definitions:

Issuance

The process of offering new or existing securities for sale to investors by a corporation or government entity.

Bank Account

A financial account maintained by a bank or other financial institution where the funds deposited by an account holder can be accessed.

Average Cheque

The average amount of money received or paid in transactions, commonly used in banking and retail settings.