If Demand and Supply Both Decrease

question 169

Multiple Choice

If demand and supply both decrease

• A) the equilibrium quantity definitely will decrease, and the market clearing price definitely will decrease.
• B) the equilibrium quantity definitely will decrease, and the market clearing price definitely will increase.
• C) the market clearing price definitely will decrease, but the change in the equilibrium quantity cannot be determined without more information.
• D) the equilibrium quantity definitely will decrease, but the change in market clearing price cannot be determined without more information.

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Definitions:

Ethical Problems

Challenges in determining what is right or wrong in various situations, often involving moral dilemmas.

Obligations

Duties or commitments that one is bound to fulfill by moral or legal constraints.

Rehabilitate

The act of restoring someone or something to a condition of health or constructive activity through therapeutic interventions.

Voting Rights

The entitlements individuals have to participate in the electoral process, often focusing on issues of accessibility and disenfranchisement.