If Demand Decreases and Supply Increases, Price Will

question 62

Multiple Choice

If demand decreases and supply increases, price will

• A)always increase
• B)always decrease
• C)increase only if supply increases more than demand decreases
• D)increase only if supply increases less than demand decreases
• E)decrease only if supply increases more than demand decreases

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Definitions:

Alternative Development

A development approach focusing on alternatives to traditional industrial or economic growth patterns, often emphasizing sustainability and community-based initiatives.

Evaluation

The process of assessing or judging the value, performance, or characteristics of someone or something.

Choice

The act of selecting between two or more possibilities.

Rational Decision-Making

A systematic process of defining problems, evaluating alternatives, and choosing optimal solutions based on logical reasoning and factual evidence.