If the Demand for Bicycles Increases

question 89

Multiple Choice

If the demand for bicycles increases,

• A)the quantity demanded decreases
• B)equilibrium price increases and equilibrium quantity decreases
• C)equilibrium price decreases and equilibrium quantity increases
• D)quantity supplied increases
• E)quantity supplied decreases

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Definitions:

Democratic Leadership

A leadership style characterized by the sharing of decision-making responsibilities among group members, promoting participation and facilitating consensus.

Postindustrial Society

A society characterized by an economy focused on services and information rather than on industrial production of goods.

Service Jobs

Employment positions focused on providing services rather than producing goods, including roles in healthcare, education, finance, and hospitality.

Sociologists

Social scientists who study human societies, their interactions, and the processes that preserve and change them.