When the Demand for Good a Increases

question 79

Multiple Choice

When the demand for good A increases,

• A)the equilibrium price and equilibrium quantity will increase.
• B)the equilibrium price will rise,but the equilibrium quantity will decrease.
• C)the equilibrium price and equilibrium quantity will decrease.
• D)the equilibrium price will decrease,but the equilibrium quantity will increase.
• E)a surplus will result.

---

Definitions:

Automobile Safety

Measures and standards implemented to ensure the safety of vehicles and protect passengers and pedestrians from accidents and injuries.

Fuel Requirements

Specifications or standards that determine the type and quality of fuel necessary for a particular vehicle, engine, or system to operate efficiently.

Limited and Bundled Choices

This term refers to a marketing and sales strategy where consumers are offered packages or bundles of goods or services with few alternatives, limiting their choices to predetermined sets.

Concept

An abstract idea or a general notion that exists in the mind as part of the thinking process.