If the Number of Buyers in a Market Increases from 50

question 158

Multiple Choice

If the number of buyers in a market increases from 50 to 100,you would expect the equilibrium price to ________ and the equilibrium quantity to ________,holding all else constant.

• A) increase; increase
• B) increase; decrease
• C) decrease; decrease
• D) decrease; increase
• E) remain the same; remain the same

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Definitions:

Linguistic Relativity

The hypothesis that the structure of a language influences its speakers' worldview or cognition, suggesting that language and thought are interdependent.

Phonology

Phonology is the study of how sounds are organized and used in natural languages.

Phonetics

The study of speech sounds.

Phrenology

The idea (now discredited) that psychological strengths and weaknesses could be precisely correlated to the relative sizes of different brain areas.