Assume a Competitive Market Is in Equilibrium

question 113

Multiple Choice

Assume a competitive market is in equilibrium. There is an increase in demand, but no change in supply. As a result the equilibrium price ________, and the equilibrium quantity ________.

• A) rises; increases
• B) rises; does not change
• C) falls; does not change
• D) falls; increases
• E) falls; decreases

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Definitions:

Synaptic Cleft

The tiny gap between neurons at a synapse, through which neurotransmitters are released to transmit nerve impulses from one neuron to another.

Axon Terminal

The endpoint of a neuron, where neurotransmitters are released to transmit signals to other neurons or muscle cells.

Vesicles

Small fluid-filled sacs within the body or cells used in the transport of molecules.

Neurotransmitters

Substances in the brain that facilitate communication between neurons, playing a crucial role in regulating mood, cognition, and behavior.