Suppose Improvements in Technology Cause the Supply of Natural Gas

question 31

Multiple Choice

Suppose improvements in technology cause the supply of natural gas to increase and at the same time the demand for natural gas increases. What are we sure of?

• A) Both equilibrium price and quantity increase.
• B) Equilibrium price decreases.
• C) Equilibrium price increases.
• D) Equilibrium quantity decreases.
• E) Equilibrium quantity increases.

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Definitions:

Choroid Plexus

A network of cells in the ventricles of the brain that produce cerebrospinal fluid.

Ventricle

A chamber of the heart or brain that receives or pumps out blood or cerebrospinal fluid, respectively.

Arbor Vitae

Refers to the treelike appearance of the cerebellar white matter when viewed in cross section, important for the coordination of muscle movements.

Cerebellar White Matter

The white neural tissue inside the cerebellum that contains myelinated nerve fibers connecting different parts of the cerebellum.