Ceteris Paribus, If the Market Supply of a Product Increases

question 147

Multiple Choice

Ceteris paribus, if the market supply of a product increases, what will happen to the equilibrium quantity and price of the product?

• A) The quantity will decrease and the price will increase.
• B) The quantity will increase and the price will decrease.
• C) The quantity will decrease and the price will be indeterminate.
• D) The quantity will increase and the price will increase.

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Definitions:

Hypo-

Prefix indicating low, under, beneath, down, or less than normal.

Mega-

A prefix in medical terminology indicating enlargement or one million units.

Sym-

A prefix in medical terms denoting "together" or "with," used to describe conditions that involve multiple factors or elements acting together.

An-

Prefix indicating without or lack of.