If Demand Is Highly Elastic and Supply Shifts to the Right

question 148

Multiple Choice

If demand is highly elastic and supply shifts to the right:

• A) price will fall significantly; quantity hardly changes at all.
• B) price will hardly change at all; quantity will rise significantly.
• C) price will rise significantly as will quantity.
• D) price and quantity will hardly change at all.

---

Definitions:

Intention To Treat

An approach in clinical trials where all participants are analyzed according to the group to which they were originally assigned, regardless of whether they completed the intervention.

Experimental Protocol

A systematic plan followed in a scientific research or study.

Random Sample

A subset of individuals chosen from a larger set (population) where each individual has an equal chance of being selected, allowing for unbiased statistical analysis.

Negative Correlation

A statistical relationship between two variables where if one variable increases, the other decreases, and vice versa.