Which of the Following Is True About the Market Equilibrium

question 378

Multiple Choice

Which of the following is true about the market equilibrium?

• A) ​As the price increases, the quantity demanded and the quantity supplied increases.
• B) ​As the price increases, the quantity demanded and the quantity supplied decreases.
• C) ​As the price increases, the quantity demanded increases and the quantity supplied decreases.
• D) ​As the price increases, the quantity demanded decreases and the quantity supplied increases.
• E) ​As the price increases, neither the quantity demanded nor quantity supplied change.
• ​

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Definitions:

Short-Term Memory

A cognitive system with a limited capacity that is capable of temporarily holding information available for processing.

Encoding

The initial process of transforming sensory input into a form or format that can be stored in memory.

Rehearsing

The act of practicing or repeating information to aid in memory retention.

Long-Term Potentiation

A long-lasting increase in the strength of synaptic responsiveness, thought to be a biological mechanism of long-term memory.