For a Downward-Sloping Demand Curve,a Rightward Shift of a Supply

question 97

Multiple Choice

For a downward-sloping demand curve,a rightward shift of a supply curve:

• A)has no impact on the equilibrium price and quantity.
• B)decreases both price and equilibrium quantity.
• C)increases both price and equilibrium quantity.
• D)decreases equilibrium price and increases equilibrium quantity.
• E)increases equilibrium price and decreases equilibrium quantity.

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Definitions:

System Requirements

The specific configuration of hardware and software that is necessary for a software application or hardware device to operate correctly.

RAM

Random Access Memory, a form of computer storage that can be accessed randomly, used for storing data temporarily while a computer is running.

System Requirements

Specifications that outline the minimum hardware and software environments necessary for a software application or system to operate.

Hard Drive

A storage device that is non-volatile, encoding data digitally on platters that spin quickly and have magnetic coatings.