An Increase in Both Supply and Demand Causes Which of the Following

question 45

Multiple Choice

An increase in both supply and demand causes which of the following?

• A) Equilibrium price falls.
• B) Equilibrium price rises.
• C) Equilibrium price change is indeterminate.
• D) Equilibrium quantity decreases.
• E) Equilibrium quantity change is indeterminate.

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Definitions:

Four-kingdom Classification

An outdated system of biological classification organizing living organisms into four major kingdoms: Protista, Fungi, Plantae, and Animalia.

Domains

In the context of biology, large, broadly defined areas of life classification above the kingdom level, or regions of a protein with specific structural or functional properties in molecular biology.

Tree of Life

The Tree of Life is a metaphorical and scientific concept describing the evolutionary relationships among various species on Earth across time, often depicted as a branching diagram.

Monophyletic Group

A group of organisms that includes an ancestral species and all of its descendants, representing a single branch on the tree of life.