Suppose That Supply for Some Good Increases and That Simultaneously

question 138

Multiple Choice

Suppose that supply for some good increases and that simultaneously the demand for the same good decreases.The result would be

• A)a decrease in P and an indeterminate change in Q.
• B)a decrease in Q and an indeterminate change in P.
• C)an increase in Q and a decrease in P.
• D)an increase in Q and an increase in P.
• E)no change in either P or Q.

---

Definitions:

Personal Orientations

An individual's characteristic patterns of thought, feeling, and behavior, including attitudes, values, and beliefs.

Social

Social relates to the way individuals interact with one another within a society, including behaviors, norms, and relationships.

Meaning and Purpose

The significance and intention behind actions or existence, often considered as a source of direction and fulfillment in life.

Projected Earnings

The estimated amount of money a business or individual anticipates earning over a specified future period, often used in financial planning and analysis.