As a Result of an Increase in the Supply of a Good

question 117

Multiple Choice

As a result of an increase in the supply of a good, the equilibrium quantity ________ and the equilibrium price ________.

• A) increases; falls
• B) increases; rises
• C) decreases; falls
• D) decreases; rises

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Definitions:

Computer Networks

Interconnected digital devices that communicate with each other over a network to exchange data and share resources.

Agenda

A list or program of items to be discussed or accomplished at a meeting or event.

Instructions

A set of orders or directives given to a computer or device, outlining how to execute a particular operation or process.

Computer

An electronic device that manipulates information or data, capable of performing a sequence of operations under program control.