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:

Tolerance Zone

A specified range within which a part's dimensions or properties must lie to be acceptable for its intended purpose.

Sliding Fit

Sliding fit refers to a specific type of fit between two machine parts where one part can move freely within the other, allowing for lubricated relative motion or quick assembly/disassembly.

Basic Diameter

The nominal diameter of a thread, used as a basis for calculating various dimensions of the thread.

Maximum Hole Size

The largest allowable diameter of a hole, taking into account tolerances specified for manufacturing or engineering purposes.