If the Supply of a Product Decreases, What Would We

question 286

Multiple Choice

If the supply of a product decreases, what would we expect?

• A) equilibrium price to increase and equilibrium quantity to decrease
• B) equilibrium price to decrease and equilibrium quantity to increase
• C) equilibrium price and equilibrium quantity to both increase
• D) equilibrium price and equilibrium quantity to both decrease

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Definitions:

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The condition of having insufficient resources or income to meet basic needs such as food, shelter, and clothing.

Risk Factor

An aspect or characteristic that increases the likelihood of developing a disease or injury.

Development

The process of growth or progression through a series of stages or changes, often referring to physical, mental, or emotional growth.

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A type of headache characterized by severe pain, often accompanied by nausea, vomiting, and sensitivity to light or sound.