If Supply Decreases Along a Given Demand Curve

question 225

Multiple Choice

If supply decreases along a given demand curve,

• A)an excess quantity demanded will be created, increasing the equilibrium price and causing equilibrium quantity to fall
• B)an excess quantity supplied will be created, lowering the equilibrium price and causing equilibrium quantity to rise
• C)an excess quantity demanded will be created, raising the equilibrium price and quantity
• D)an excess quantity supplied will be created, lowering the equilibrium price and quantity
• E)price will fall, shifting the demand curve outward, raising the equilibrium quantity

---

Definitions:

General Libraries

Public or academic libraries that offer a broad range of resources and services, catering to the general informational needs of their community or institution.

Collections

Groups of items or data gathered together, often for a specific purpose or based on shared characteristics.

Area Sampling

A method in research where the population is divided into areas, and a sample is randomly selected from these areas.

Master Source List

A comprehensive list detailing all the sources referred to or cited in a research project or document.