If Market Demand Decreases

question 102

Multiple Choice

If market demand decreases:

• A) equilibrium price and quantity will both increase.
• B) equilibrium price and quantity will both decrease.
• C) equilibrium price will increase but equilibrium quantity will decrease.
• D) equilibrium price will decrease but equilibrium quantity will increase.

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Definitions:

Sender's Address

In communications or networking, the unique identifier, often an IP address or email address, used to determine the source of a message or packet.

Packet Size

The amount of data transmitted over a network in a single packet.

Public-key Encryption

A cryptographic system that uses two keys -- a public key known to everyone and a private key known only to the recipient of the message.

Key Pair

In cryptography, a key pair consists of a private key and a public key used together for secure data encryption and decryption.