Suppose Demand Decreases and Supply Increases

question 355

Multiple Choice

Suppose demand decreases and supply increases. Which of the following will happen?

• A) Equilibrium price will rise, fall, or stay the same while equilibrium quantity will decrease.
• B) Equilibrium price will rise, fall, or stay the same while equilibrium quantity will increase.
• C) Equilibrium quantity will rise, fall, or stay the same and equilibrium price will increase.
• D) Equilibrium quantity will rise, fall, or stay the same while equilibrium price will decrease.
• E) The change in equilibrium price and quantity cannot be determined.

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Definitions:

Benner

Refers to Patricia Benner, a nursing theorist who introduced the Novice to Expert model, outlining the stages of nursing competence.

Transcultural Caring

Nursing practice that considers patients' cultural backgrounds in providing compassionate and effective care.

Transformative

Relating to or causing a significant change or transformation in something or someone, often in a positive way.

Caring Touch

constitutes a physical connection made in a compassionate and supportive manner, important in conveying empathy and comfort in caregiving settings.