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.

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Definitions:

Microvilli

Tiny hair-like structures on the surface of cells in the small intestine, increasing surface area for absorption of nutrients.

Columnar Cells

Elongated, pillar-like cells, often found lining organs such as the intestines or respiratory tract, involved in absorption, secretion, or protection.

Transcription

Process of forming RNA from a DNA template.

Translation

Synthesis of polypeptide chains at the ribosome in response to information contained in mRNA molecules.