When Demand Increases and Supply Decreases by the Same Amount,the

question 51

Multiple Choice

When demand increases and supply decreases by the same amount,the equilibrium quantity ________ and the equilibrium price ________.

• A) decreases; rises
• B) decreases; falls
• C) decreases; does not change
• D) decreases; might rise, fall, or not change
• E) does not change; might rise, fall, or not change

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A type of advertising where businesses communicate directly with customers through various media, including mail, email, and texting.

Prospective Buyer

An individual or organization showing interest in purchasing a product or service, potentially becoming a customer.

Request

A solicitation or petition for something required or desired.

Transaction

The act of buying or selling something; a business deal or financial exchange.