Figure: Supply and Demand 2 What Happens as a Result

question 215

Multiple Choice

Figure: Supply and Demand 2 What happens as a result of the change in demand in the diagram?

• A) a decrease in both the equilibrium price and the equilibrium quantity
• B) an increase in both the equilibrium price and the equilibrium quantity
• C) an increase in the equilibrium price and a decrease in the equilibrium quantity
• D) a decrease in the equilibrium price and an increase in the equilibrium quantity

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Definitions:

Absolutely

Used to express complete and total agreement or to confirm that something is unquestionably true or correct.

Smart

Possessing intelligence and quickness of understanding, often used to describe someone who is intellectually able or clever.

Mindfully

Refers to the act of being present and fully engaged with one’s surroundings and activities without being overly reactive or overwhelmed by what’s going on around us.

Single-trait Approach

A psychological methodology focusing on how one trait in a person’s personality influences their behavior across different situations and contexts.