If Price Declines

question 193

Multiple Choice

If price declines,

• A)there may have been an increase in supply.
• B)there may have been a decrease in demand.
• C)there may have been a decrease in supply.
• D)there may have been an increase in supply AND a decrease in demand.
• E)there may have been a decrease in demand AND a decrease in supply.

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Definitions:

Canadian University

An institution of higher education and research, located in Canada, that offers undergraduate and graduate degrees in various fields.

Saint Mary's University

An educational institution, notable for its academic and extracurricular programs, located in various countries around the world.

Dalhousie University

A public research university located in Halifax, Nova Scotia, Canada, known for its prestigious medical school and comprehensive research programs.

Western University

A tertiary institution of learning, often implying a university that follows the academic traditions and standards of Western cultures.