A Rightward Shift in a Demand Curve and a Rightward

question 31

Multiple Choice

A rightward shift in a demand curve and a rightward shift in a supply curve both result in a

• A)Lower equilibrium price.
• B)Lower equilibrium quantity.
• C)Higher equilibrium price.
• D)Higher equilibrium quantity.

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Definitions:

Satirical Artist

An artist who uses humor, irony, exaggeration, or ridicule to criticize or expose faults in society, politics, or human behavior.

Lithography

A printmaking technique in which the artist uses an oil-based crayon to draw directly on a stone plate and then wipes water onto the stone. When ink is rolled onto the plate, it adheres only to the drawing. The print produced by this method is a lithograph.

Thomas Cole

An American artist and founder of the Hudson River School, known for his landscape paintings that express romanticism and naturalism.

The Oxbow

A landscape painting by Thomas Cole, depicting a dramatic bend in the Connecticut River.