If Both the Demand for a Product and the Supply

question 35

Multiple Choice

If both the demand for a product and the supply of it increase, then the equilibrium quantity will ________ and the equilibrium price will ________.

• A) decrease; increase
• B) decrease; decrease
• C) decrease; remain constant
• D) increase; either increase, decrease, or remain constant

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Definitions:

Zygote

The new cell formed by the process of fertilization.

Fertilization

The process by which a sperm and an ovum—the male and female gametes, respectively—join to form a single new cell.

Gamete

A mature haploid male or female germ cell which is able to unite with another of the opposite sex in sexual reproduction to form a zygote.

Chromosome

A thread-like structure of nucleic acids and protein found in the nucleus of most living cells, carrying genetic information in the form of genes.