A Decrease in Demand and a Decrease in Supply Will

question 212

Multiple Choice

A decrease in demand and a decrease in supply will lead to

• A) unambiguous increases in both price and quantity.
• B) unambiguous decreases in both price quantity.
• C) an unambiguous decrease in price, but the effect on quantity is indeterminate.
• D) an unambiguous decrease in quantity, but the effect on price is indeterminate.

---

Definitions:

Regulators

Officials or agencies responsible for controlling or supervising a particular activity or area of public interest by establishing guidelines, rules, or laws.

Imperial Officials

Individuals appointed by an empire to govern or administer territories, manage relations, and oversee imperial interests.

Tension

A state of mental or emotional strain or stress, often resulting from challenging or demanding circumstances.