An Increase in Demand and a Decrease in Supply Cause

question 183

Multiple Choice

An increase in demand and a decrease in supply cause which of the following?

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

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Definitions:

1950s

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Termination Policy

A set of laws or regulations designed to assimilate Native Americans into mainstream American society, often by ending the recognition of Native American tribes and their sovereign rights.

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The presidency of Dwight D. Eisenhower, the 34th President of the United States, from 1953 to 1961, noted for its focus on moderate domestic policies and a strong stance against communism.