Which of the Following Statements Is Correct for a Market

question 26

Multiple Choice

Which of the following statements is correct for a market with an upward- sloping supply curve and a downward- sloping demand curve?

• A)If the demand curve shifts left and the supply curve shifts left, equilibrium price will fall.
• B)If the demand curve shifts right and the supply curve shifts left, equilibrium price will rise.
• C)If the demand curve shifts left and the supply curve shifts right, equilibrium price will rise.
• D)If the supply curve shifts right and the demand curve remains constant, equilibrium price will rise.
• E)If the supply curve shifts left and demand remains constant, equilibrium quantity will rise.

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Definitions:

Psychoanalytic

A therapeutic approach and theory of personality development that emphasizes unconscious motives and conflicts, originally developed by Sigmund Freud.

Active Listening

A communication technique that involves giving full attention to the speaker and providing feedback to confirm understanding.

Rapidly Moving

Describes something happening or progressing quickly or at a fast pace.

Traumatic Memories

Memories of events that caused significant psychological distress, often leading to conditions such as post-traumatic stress disorder (PTSD).