Suppose There Is an Increase in Demand in a Market

question 25

Multiple Choice

Suppose there is an increase in demand in a market and no change in the supply. What will happen to the market equilibrium price and quantity?

• A) Equilibrium price will rise; equilibrium quantity will rise.
• B) Equilibrium price will rise; equilibrium quantity will fall.
• C) Equilibrium price will fall; equilibrium quantity will rise.
• D) Equilibrium price will fall; equilibrium quantity will fall.

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Definitions:

Anger Control

The ability to recognize the signs that you're becoming angry and taking action to calm down and deal with the situation in a positive way.

Coping Strategies

Techniques or methods that individuals use to manage stress, difficult emotions, or challenging situations.

Intermittent Explosive Disorder

A behavioral disorder characterized by extreme expressions of anger, often to the point of uncontrollable rage, disproportionate to the situation at hand.

Age of Onset

The age at which symptoms of a disease or disorder first appear or when an individual is first diagnosed.