-In Figure1.1 If Supply Increases, Then Equilibrium

question 31

Multiple Choice

-In Figure1.1 if supply increases, then equilibrium:

• A)price and quantity fall.
• B)price and quantity rise.
• C)price rises and quantity falls.
• D)price falls and quantity rises.

---

Definitions:

Building Material

Building material refers to any substance used in the construction of buildings, such as wood, concrete, metal, or glass.

Restraint On Trade

A practice that limits competition or obstructs free trade among businesses.

Hair Salon

A business establishment where clients receive professional hair cutting, styling, and possibly other cosmetic services.

Contract Clause

A provision found in the U.S. Constitution that prohibits states from enacting laws that retroactively impair contract rights.