If Equilibrium Price Falls and the Equilibrium Quantity of the Good

question 149

Multiple Choice

If equilibrium price falls and the equilibrium quantity of the good purchased decreases, what has happened to either the supply curve or to the demand curve?

• A) Supply increased.
• B) Demand decreased.
• C) Demand increased.
• D) Supply decreased.

---

Definitions:

Enzyme Concentration

The amount of enzyme present in a solution, which affects the rate of enzyme-catalyzed reactions.

Energy Of Activation

The minimum amount of energy that reacting species must have in order to undergo a specified reaction.

Enzyme

Biological molecules (typically proteins) that significantly speed up the rate of virtually all of the chemical reactions that take place within cells.

Oxidized

Pertains to a process where a substance loses electrons or gains oxygen, often resulting in a change in physical and chemical properties.