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.

Identify examples and non-examples of markets.

Describe how changes in supply and demand impact market outcomes.

Explain the principle of the law of demand.

Understand the role of individual buyers and sellers in competitive markets.

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Definitions:

Beaks

The hard, external, projecting jaws of birds, made of keratin, that are adapted to their feeding habits.

Vertically Transmitted Endosymbionts

Microorganisms that are passed from parent organisms to their offspring through the germline, often providing mutual benefits.

Genomes

The complete set of genetic material in an organism, including all of its genes and noncoding DNA sequences.

Parasite Pressure

The influence or stress exerted by parasites on their hosts, potentially affecting host behavior, survival, and population dynamics.