A Simultaneous Shift to the Right of Both Supply and Demand

question 22

Multiple Choice

A simultaneous shift to the right of both supply and demand will:

• A)increase the equilibrium price
• B)decrease the equilibrium price
• C)increase the equilibrium quantity
• D)decrease the equilibrium quantity

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Definitions:

Fleming's Model

A concept in educational psychology that categorizes learners into visual, auditory, reading/writing-preference, and kinesthetic, abbreviated as VARK.

Aural/Auditory

Aural/auditory pertains to the sense of hearing and the perception of sound, relevant in contexts like learning methodologies and audio engineering.

Kinesthetic

Relating to kinesthesia; involving the sense of movement and body position, often used in the context of learning through physical activity.

Goal Orientation

A psychological state that influences how an individual approaches tasks and challenges, focusing on setting and achieving objectives.