If Both the Supply and the Demand Curves Shift to the Right

question 257

Multiple Choice

If both the supply and the demand curves shift to the right:

• A) equilibrium price and equilibrium quantity both increase.
• B) equilibrium price increases and the effect on equilibrium quantity is indeterminate.
• C) equilibrium quantity increases and the effect on equilibrium price is indeterminate.
• D) the effect on both equilibrium price and equilibrium quantity is indeterminate.

---

Definitions:

Verbal Message

Information or communication expressed through spoken words, as opposed to written form or non-verbal cues.

Hierarchy of Needs

A theoretical framework in psychology proposed by Abraham Maslow, outlining a sequence of human needs from basic to more complex.

Security and Safety Needs

Basic human requirements that include the need for personal safety, protection from physical harm, and assurance of one's health and well-being.

Abraham Maslow

A psychologist known for creating Maslow's hierarchy of needs, a theory in psychology proposing a five-tier model of human needs, from physiological to self-actualization.