An Increase in Equilibrium Price and a Decrease in Equilibrium

question 52

Multiple Choice

An increase in equilibrium price and a decrease in equilibrium quantity is most likely the result of:

• A) an increase in demand.
• B) a decrease in demand.
• C) an increase in supply.
• D) a decrease in supply.

---

Definitions:

Helpful

The quality of providing useful assistance or being beneficial to someone.

Catharsis Hypothesis

The idea that expressing emotions, particularly negative ones, leads to a reduction of psychological tension and a feeling of emotional relief.

Violent TV Programs

Television content that depicts scenes of physical force intended to hurt, damage, or kill someone or something.

Physiological Arousal

The body's response to external stimuli, resulting in physical and psychological reactions such as increased heart rate or heightened alertness.