When Demand Decreases and Supply Increases, There Will Be a Decrease

question 25

True/False

When demand decreases and supply increases, there will be a decrease in the equilibrium price.

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Definitions:

NLRB

The National Labor Relations Board, a federal agency overseeing the enforcement of labor laws in relation to collective bargaining and unfair labor practices in the U.S.

Unfair Labor Practice

Activities prohibited by laws or regulations designed to protect the rights of workers and ensure fair treatment, such as discrimination, illegal firing, or retaliation.

Arbitration

The process by which an outside party settles a dispute between two other parties.

Mediation

The process by which an outside party attempts to help two other parties settle their differences.