When Supply Falls and Demand Stays the Same

question 13

Multiple Choice

When supply falls and demand stays the same,

• A)equilibrium quantity rises.
• B)equilibrium quantity falls.
• C)equilibrium quantity stays the same.

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Definitions:

Consumer Panel

A group of selected individuals who agree to provide feedback over time on a variety of products or services.

Fast Food Restaurants

Eateries that offer quick service and a limited menu of convenience foods that are typically prepared and served rapidly.

Preferences

An individual's choices or inclinations regarding alternatives in various contexts, such as consumer behavior, personal tastes, or decision-making.

Main Entrees

The primary dishes of a meal, typically more substantial and complex than appetizers or side dishes.