If Demand Increases While Supply Simultaneously Decreases, Then the Equilibrium

question 143

Multiple Choice

If demand increases while supply simultaneously decreases, then the equilibrium quantity

• A) always increases.
• B) always decreases.
• C) can never change.
• D) none of the above

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Definitions:

Hallucinations

Perceptions in the absence of external stimuli, such as seeing or hearing things that aren't there.

Delusions

False beliefs held despite strong evidence against them, often due to a psychological disorder.

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A psychiatric treatment involving electrically induced seizures to provide relief from mental disorders.

Major Depression

A serious medical condition characterized by persistent sadness, lack of interest in life, and other physical and emotional symptoms that interfere with daily functioning.