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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?


Definitions:

Less Populous

Refers to areas, regions, or groups having a smaller population in comparison to others.

Slaveholding

The practice or condition of owning slaves, historically seen in contexts where slavery was legally recognized.

Free States

Historically, states in the United States that were anti-slavery and did not permit slavery within their boundaries before the Civil War.

Large States

In the context of U.S. history, refers to states with larger populations that sought greater representation in Congress during the formation of the Constitution.

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