A Decrease in Demand for a Good Will Lead to a Decrease

question 179

True/False

A decrease in demand for a good will lead to a decrease in the price of the good, but an increase in the quantity supplied.

---

Definitions:

Random Chance

The occurrence of events without a determinable cause, often affecting genetic variations and evolutionary processes in organisms.

Natural Selection

A process in evolutionary biology where organisms with traits better adapted to the environment have higher survival rates and reproductive success, leading to the accumulation of beneficial traits in a population over generations.

Homoplasic Traits

Homoplasic traits are similar features in organisms that evolved independently, not from a common ancestor, often due to convergent evolution or parallel evolution.

Homologous Traits

Features shared by two or more species inherited from a common ancestor.