The Demand for Cat Food Decreases While the Supply Increases

question 308

Multiple Choice

The demand for cat food decreases while the supply increases.The equilibrium price of cat food ________,and the equilibrium quantity ________.

• A) does not change; increases
• B) rises; decreases
• C) falls; perhaps changes but we can't say if it increases, decreases, or stays the same
• D) rises; perhaps changes but we can't say if it increases, decreases, or stays the same
• E) falls; increases

---

Definitions:

Prenuptial Agreement

An agreement two parties enter into before marriage that clearly states the ownership rights each party enjoys in the other party’s property. To be enforceable, it must be in writing.

Statute Of Frauds

A legal principle requiring certain contracts to be in writing and signed by the parties involved to be enforceable.

Statute Of Frauds

A legal concept that requires certain types of contracts to be executed in writing and signed by the party to be charged, in order to be enforceable.

Statute Of Frauds

A legal concept that requires certain types of contracts to be executed in writing and signed by all parties to be legally enforceable.