Assume That Supply Increases Greatly and Demand Increases Slightly

question 392

Multiple Choice

Assume that supply increases greatly and demand increases slightly. Which of the following will happen?

• A) Equilibrium price will fall and equilibrium quantity will rise.
• B) Equilibrium price will rise and equilibrium quantity will fall.
• C) Equilibrium price will rise and equilibrium quantity will rise.
• D) Equilibrium price will fall and equilibrium quantity will fall.
• E) Neither equilibrium price nor equilibrium quantity will change.

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Definitions:

Sense of Alienation

A feeling of disconnection or estrangement individuals may experience within their workplace or society.

Greater Competitiveness

The enhanced ability of a company or country to compete more effectively and successfully in the marketplace.

Deep Bond

A profound connection or strong relationship between individuals.

Workplace Flexibility

Employment arrangements that allow for variations in working time, location, and manner to accommodate the needs of employees and employers.