When Demand Decreases and Supply Increases,it Is Certain That

question 154

Multiple Choice

When demand decreases and supply increases,it is certain that

• A)equilibrium quantity will fall.
• B)equilibrium price will fall.
• C)equilibrium quantity will rise.
• D)equilibrium price will rise.

---

Definitions:

Foreign Countries

Nations or territories outside of one's own country's jurisdiction, often governed by distinct legal systems and cultural practices.

Agency Importance

The significance of an agency relationship where one party (the agent) is authorized to act on behalf of another (the principal) in dealings with third parties.

Employer-Independent Contractor

A working relationship where the contractor provides services under a contract for a specific task, without being entitled to employee benefits or subject to the same control as an employee.

Independent Contractors

Individuals or entities hired to perform specific tasks or services, who maintain control over how their work is completed, rather than employees.