If Demand Increases and Supply Decreases in a Market That

question 78

Multiple Choice

If demand increases and supply decreases in a market that is in equilibrium,quantity will:

• A)increase while price will remain unchanged.
• B)remain unchanged while price will decrease.
• C)increase only if decrease in supply is more than increase in demand.
• D)increase only if decrease in supply is less than increase in demand.
• E)increase only if decrease in supply is more than decrease in demand.

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Definitions:

Imbalance Of Power

A situation in which there is a disproportionate distribution or exercise of power, often disadvantaging one party in relation to another.

Socialist

an individual who supports or advocates for socialism, a political and economic ideology that seeks to promote social ownership and egalitarian distribution of resources.

Mainstream Press

Refers to traditional media outlets, such as national newspapers and television networks, that reach a large audience and are considered mainstream.

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