Which of the Following Statements Is True

question 238

Multiple Choice

Which of the following statements is true?

• A)An increase in supply causes a change in equilibrium price; the change in price does not cause a further change in demand or supply.
• B)A decrease in supply causes equilibrium price to rise; the increase in price then results in a decrease in demand.
• C)If both demand and supply increase there must be an increase in equilibrium price; equilibrium quantity may either increase or decrease.
• D)If demand decreases and supply increases one cannot determine if equilibrium price will increase or decrease without knowing which change is greater.

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Definitions:

Talented

A term used to describe individuals who possess above-average skills or abilities in certain areas.

Selection Process

A series of steps or criteria used for choosing among candidates or options in various contexts, such as employment or natural selection.

Education Process

The systematic, structured set of activities and methods used to impart knowledge, skills, and values.

IEP

Individualized Education Program, a document developed for each U.S. public school child who needs special education.