If Demand Increases While Supply Decreases, Then the Equilibrium Price

question 252

Multiple Choice

If demand increases while supply decreases, then the equilibrium price

• A) always increases.
• B) always decreases.
• C) may increase, decrease, or stay the same.
• D) never changes.

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Definitions:

Iris

The colored part of the eye surrounding the pupil, responsible for controlling the amount of light reaching the retina.

Ganglion Cells

Neurons located in the retina that receive visual information from photoreceptors and transmit it to the brain.

Bipolar Cells

Neurons found in the retina that function as intermediate cells, connecting photoreceptors to ganglion cells and playing a crucial role in visual processing.

Cones

Photoreceptor cells in the retina of the eye that function best in relatively bright light and enable the perception of colors.