We Cannot Predict the Effect on the Equilibrium Quantity, but Know

question 105

Multiple Choice

We cannot predict the effect on the equilibrium quantity, but know that the market clearing price will increase when

• A) supply decreases and at the same time demand increases.
• B) supply increases and demand increases simultaneously.
• C) supply and demand decreases simultaneously.
• D) supply and demand increases simultaneously.

---

Definitions:

Appalachians

A major mountain range in eastern North America, stretching from Canada through the southeastern United States, and is known for its biodiversity and scenic beauty.

Commercial Farmers

Agricultural producers who cultivate crops or raise livestock primarily for sale in the market, rather than for personal consumption.

Agrarian Society

A community or society that relies primarily on agriculture and farming for its economic base and way of life.

States' Rights

States' rights is the principle or belief in the U.S. that states possess certain rights and political powers independent of, and sometimes in opposition to, the federal government.