An Increase in Demand and a Decrease in Supply Cause

question 183

Multiple Choice

An increase in demand and a decrease in supply cause which of the following?

• A) Equilibrium price change is indeterminate.
• B) Equilibrium quantity decreases.
• C) Equilibrium price falls.
• D) Equilibrium price rises.
• E) Equilibrium quantity increases.

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Definitions:

Subtle Sounds

Low-intensity auditory stimuli that might not be immediately obvious but can nevertheless influence mood, perception, or behavior.

Unintentional Facial Expressions

Spontaneous expressions that occur without the individual's conscious control, often revealing true emotions despite any attempts to mask them.

Extrasensory Perception

The claimed ability to obtain information about the environment or the future beyond the use of the known senses.

Unparsimonious

Describes explanations or theories that are more complex or include more assumptions than necessary to explain phenomena.