Suppose Both the Demand for and Supply of Salsa Increase

question 156

Multiple Choice

Suppose both the demand for and supply of salsa increase (although not necessarily by the same amount) .What can we conclude about changes in the price and quantity of salsa?

• A)Both the price and quantity increase.
• B)The price increases but the change in the quantity cannot be determined.
• C)The quantity increases but the change in the price cannot be determined.
• D)Both the price and quantity decrease.

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Definitions:

Calcitonin

A hormone produced by the thyroid gland that helps regulate calcium levels in the blood.

Thyroid Gland

A butterfly-shaped gland located in the front part of the neck that produces thyroid hormones, which regulate the body's metabolism, energy, and growth.

Follicles

Follicles are small sacs within the ovaries in females or hair follicles in the skin, involved in oocyte development or hair growth.

Parathyroid Glands

Small endocrine glands in the neck that produce parathyroid hormone (PTH), which regulates calcium levels in the blood and bone metabolism.