It's Certain That the Equilibrium Price Will Fall When

question 15

Multiple Choice

It's certain that the equilibrium price will fall when:

• A) the supply curve and the demand curve both shift to the right.
• B) the supply curve shifts to the right and the demand curve shifts to the left.
• C) supply and demand both increase.
• D) supply decreases and demand stays the same.

---

Definitions:

Helmholtz

Refers to Hermann von Helmholtz, a 19th-century German physician and physicist who made significant contributions to the understanding of the conservation of energy, physiology, and perception in psychology.

Associate Odors

The process by which individuals learn to connect specific smells with certain events, objects, or experiences.

Memories

The mental faculty by which information is encoded, stored, and retrieved when needed, forming an integral part of the human experience and identity.

Color Vision

The ability of the visual system to differentiate between light of different wavelengths, enabling humans and other animals to perceive color.