In the Following Question You Are Asked to Determine, Other

question 255

Multiple Choice

In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrium price (P) of X; and (3) the equilibrium quantity (Q) of X. A reduction in the number of firms producing X will

• A) increase D, increase P, and increase Q.
• B) increase S, decrease P, and increase Q.
• C) decrease S, increase P, and decrease Q.
• D) decrease S, decrease P, and increase Q.

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Definitions:

Parallel Construction

The use of consistent grammatical structures in a sentence or series of sentences to improve readability and coherence.

Noun Sequences

A series of nouns placed together, often to describe a complex concept, which can sometimes make the text harder to read or understand.

Hedging Sentence

A statement made with cautious language to lessen the impact of an assertion or to express uncertainty.

Performance

The act of carrying out a task or function, often evaluated in terms of effectiveness, efficiency, or achievement of objectives.