If Both the Demand and Supply Increase, the Equilibrium Quantity__________and

question 439

Multiple Choice

If both the demand and supply increase, the equilibrium quantity__________and the equilibrium price__________ .

• A) increases; might rise, fall, or not change
• B) decreases; might rise, fall, or not change
• C) decreases; rises
• D) increases; falls

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Definitions:

Independent Variables

Factors in an experiment that are intentionally changed to observe their effect on dependent variables.

Placebo

A compound that does not have any healing properties, employed as a standard in evaluating new medications.

Demand Characteristics

Demand characteristics refer to the subtle cues or signals that can influence participants’ behavior in experiments, biasing the results.

Representative

Someone who acts or speaks on behalf of others, often in a professional setting or within legislative bodies.