-An Increase in Supply Will Have What Effect on Equilibrium

question 195

Multiple Choice

-An increase in supply will have what effect on equilibrium price and quantity?

• A)Price will increase; quantity will decrease.
• B)Price will decrease; quantity will increase.
• C)Both price and quantity will increase.
• D)Both price and quantity will decrease.

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Definitions:

Mindsets

The established set of attitudes held by someone, which can greatly affect their behavior and perspective.

Disorganized

Lacking structure or order; not systematically planned or arranged, often leading to inefficiency or difficulty in locating items or information.

Bossy

Describes a person who frequently gives orders or demands in an authoritative and often domineering manner.

Plumbing Problem

Issues associated with the systems of pipes, fittings, and fixtures responsible for the distribution and use of water in a building.