Which of the Following Statements Is Correct for a Market

question 26

Multiple Choice

Which of the following statements is correct for a market with an upward-sloping supply curve and a downward-sloping demand curve?

• A)If the supply curve shifts left and demand remains constant,equilibrium quantity will rise.
• B)If the supply curve shifts right and the demand curve remains constant,equilibrium price will rise.
• C)If the demand curve shifts left and the supply curve shifts right,equilibrium price will rise.
• D)If the demand curve shifts right and the supply curve shifts left,equilibrium price will rise.
• E)If the demand curve shifts left and the supply curve shifts left,equilibrium quantity will rise.

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Definitions:

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The act of writing and publishing content on a web platform or blog, often reflecting an individual's opinions, interests, or expertise.

Emotional Labor

The management of feeling to create a publicly observable facial and bodily display. Emotional labor functions in the service of organizations to increase profitability.

Motivate

To provide with a reason or incentive to do something; to inspire action or behavior.

Cheerful

Cheerful describes a mood or disposition characterized by positivity, happiness, and a generally optimistic outlook.