If the Demand for a Good Increased, What Would Be

question 109

Multiple Choice

If the demand for a good increased, what would be the effect on the equilibrium price and quantity?

• A) Price would increase, and quantity would decrease.
• B) Price would decrease, and quantity would decrease.
• C) Price would increase, and quantity would increase.
• D) Price would decrease, and quantity would increase.

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Definitions:

Antidepressants

Medications used to treat depression, anxiety disorders, and some other conditions by influencing neurotransmitter levels in the brain.

Action Potential

A short-lasting event in which the electrical membrane potential of a cell rapidly rises and falls, occurring in nerve cells.

Agonists

Substances that initiate a physiological response when combined with a receptor, often referring to drugs that mimic the action of the body's own chemicals.

Antagonists

Substances that bind to receptors in the body and block or dampen the effects of agonists, often used in pharmaceuticals to inhibit certain actions within the body.