If the Decrease in Supply Is Less Than the Decrease

question 1

True/False

If the decrease in supply is less than the decrease in demand, then the equilibrium price will decrease.

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Definitions:

Main Connective

The logical element in a combined statement responsible for defining the truth value of the statement as a whole.

Atomic Components

Fundamental parts or elements that cannot be broken down further into simpler constituents within a particular context or framework.

Tautological Consequent

A conclusion in a deductive argument that is true by definition or is logically unavoidable.

Tautology

A statement that is true in every possible interpretation, often repeating the same idea in different words unnecessarily.