If Supply Decreases Along a Given Demand Curve,______

question 95

Multiple Choice

If supply decreases along a given demand curve,______.

• A)there will be an excess quantity demanded in the market,resulting in an increase in the equilibrium price and a decrease in the equilibrium quantity
• B)there will be an excess quantity supplied in the market,resulting in a decrease in the equilibrium price and an increase in the equilibrium quantity
• C)there will be an excess quantity demanded in the market,resulting in an increase in both the equilibrium price and quantity
• D)there will be an excess quantity supplied in the market,resulting in a decrease in both the equilibrium price and quantity
• E)price will fall,shifting the demand curve outward and raising the equilibrium quantity

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Definitions:

Decolonization

The process of deconstructing colonial ideologies, structures, and legacies, and reclaiming and valorizing indigenous cultures and knowledge systems.

Free Human Consciousness

Free human consciousness refers to the human ability to be aware of one's own thoughts and to think independently free from external constraints or influences.

Postcolonial Theorists

Scholars who analyze the impact of colonial rule on cultures and societies, both during and after colonial periods.

Modern Racial Order

A contemporary social structure that categorizes and assigns values to individuals or groups based on racial characteristics, impacting their access to resources and opportunities.