Which of the Following Events Must Cause Equilibrium Price to Fall

question 81

Multiple Choice

Which of the following events must cause equilibrium price to fall?

• A)demand increases and supply decreases
• B)demand and supply both decrease
• C)demand decreases and supply increases
• D)demand and supply both increase

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Definitions:

Influential Points

In statistical analysis, data points that have a significant impact on the outcome of a linear regression or other model.

Labeled Points

In data science, points that are tagged with a label or value, often used in supervised learning.

Data

Facts and statistics collected together for reference or analysis.

Scatterplot

A type of graph that shows values for two variables for a set of data using dots, helping to visualize the relationship between them.