Suppose a Market Is in Equilibrium

question 74

Multiple Choice

Suppose a market is in equilibrium.An increase in demand in this market will lead to a(n) :

• A)increase in supply.
• B)decrease in supply.
• C)decrease in quantity supplied.
• D)increase in quantity supplied.
• E)decrease in equilibrium price.

---

Definitions:

Positive Psychology

The scientific study of optimal human functioning; aims to discover and promote strengths and virtues that enable individuals and communities to thrive.

Scientific Methods

A systematic process for investigating phenomena, acquiring new knowledge, or correcting and integrating previous knowledge, based on empirical or measurable evidence.

Political Candidate's Performance

Refers to how effectively a political candidate communicates, implements policies, and fulfills campaign promises in the view of the electorate.

Social-Cognitive Perspective

A psychological framework focusing on how individual behavior is influenced by interactions with other people and by personal cognition.