When Demand Increases, the Equilibrium Price _ _ and the Equilibrium

question 54

Multiple Choice

When demand increases, the equilibrium price _ _ and the equilibrium quantity _ _.

• A)rises; decreases
• B)falls; increases
• C)rises; increases
• D)falls; decreases

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Definitions:

Extraversion

A personality trait characterized by high levels of enthusiasm, energy, sociability, talkativeness, and assertiveness.

Personality Variance

Differences in characteristics and behavioral patterns among individuals, often used to understand individuality.

Twin Studies

Research that compares the similarities and differences between monozygotic (identical) and dizygotic (fraternal) twins to understand how genetics and environment influence traits.

Genes

Units of heredity made up of DNA that are responsible for determining the characteristics and traits of organisms.