If Workers Who Make DVDs Get a Pay Raise, the Equilibrium

question 497

Multiple Choice

If workers who make DVDs get a pay raise, the equilibrium price of a DVD ________ and the equilibrium quantity of DVDs ________.

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

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Definitions:

High Crime Area

A geographic location with a significantly higher rate of criminal activity compared to surrounding areas.

Resilience

The ability of an individual to adapt and recover from adversity, stress, or challenging life events.

Upset

An emotional state of being unhappy, disappointed, or worried.

Resilience

The capacity to recover quickly from difficulties or adapt to significant stress and adversity.