Which of the Following Is False

question 105

Multiple Choice

Which of the following is false?

• A)​If demand decreases and supply increases, the equilibrium price will rise.
• B)​If supply decreases and demand remains the same, the equilibrium price will rise.
• C)​if supply increases and demand decreases, the equilibrium price will fall.
• D)​if demand increases and supply decreases, the equilibrium price will rise.

Understand the shift in cost curves due to government taxes on producers.

Understand how marginal cost interacts with average total cost, average fixed cost, and average variable cost.

Comprehend the concept of economies and diseconomies of scale in production.

Understand the law of diminishing returns and its implications for production.

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Definitions:

Inequality

A mathematical statement that shows the relationship between two expressions that are not equal, using symbols such as <, >, ≤, or ≥.

Real Line

The real line refers to a one-dimensional space where every point represents a real number, stretching infinitely in both positive and negative directions.

Inequality

A mathematical statement that compares two values, showing that one is greater than, less than, or not equal to the other.

Real Number Line

The real number line is a visual representation of all real numbers in a linear arrangement where each point corresponds to a unique real number.