What Would Happen to the Equilibrium Price and Quantity of Shirts

question 23

Multiple Choice

What would happen to the equilibrium price and quantity of shirts if the price of cotton decreases and all else is held constant?

• A) The price falls and the quantity rises.
• B) The price rises and the quantity falls.
• C) The price falls and the quantity falls.
• D) The price rises and the quantity rises.
• E) The price falls and the quantity remains constant.

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Definitions:

Resting Potential

The electrical potential of a neuron when not transmitting a signal, serving as the foundation for nerve impulse generation.

Ion

An atom or molecule that has lost or gained one or more electrons, giving it a positive or negative electrical charge.

Fatty Tissue

A type of connective tissue in the body composed primarily of adipocytes, serving as energy storage, insulation, and cushioning for organs.

Electrically Charged

A condition of having an imbalance of electric charge, either positive or negative.