If the Demand for a Product Decreases and the Supply

question 68

True/False

If the demand for a product decreases and the supply of the same product decreases, the equilibrium price will decrease.

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Definitions:

DNA

DNA, a molecule responsible for carrying the genetic blueprints essential for the growth, development, operation, and reproduction of all recognized living organisms and numerous viruses.

Amniocentesis

A medical procedure used during pregnancy to collect a small sample of the amniotic fluid surrounding the fetus for genetic testing and diagnosing other conditions.

Fluid

In the context of abilities or intelligence, refers to the capacity to think logically and solve problems in novel situations, independent of acquired knowledge.

Fetus

A developing human from roughly ten weeks after conception until birth, during which period major bodily structures and organs form.