If the Demand for Bicycles Increases

question 564

Multiple Choice

If the demand for bicycles increases,

• A) the quantity demanded will decrease.
• B) equilibrium price will increase and equilibrium quantity will decrease.
• C) equilibrium price will decrease and equilibrium quantity will increase.
• D) quantity supplied will increase.
• E) quantity supplied will decrease.

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Definitions:

Tinker Creek

A stream in Virginia, notably written about by Annie Dillard in her work "Pilgrim at Tinker Creek," exploring nature and life.

Shade Trees

Large trees planted specifically to provide shade and reduce heat in surrounding areas, often enhancing comfort and energy efficiency.

Sand Dunes

Natural accumulations of sand typically found in deserts and on beaches, shaped by the wind or water flow.

Vegetable Beds

Designated areas in a garden where vegetables are planted and grown.