Assume the Most Typical Shapes for the Demand and Supply

question 176

Multiple Choice

Assume the most typical shapes for the demand and supply in a competitive market.Suppose that demand falls and supply increases.Which of the following statements is correct?

• A) The equilibrium price will fall;the equilibrium quantity may rise or fall.
• B) The equilibrium price will rise;the equilibrium quantity may rise or fall.
• C) The equilibrium quantity will fall;the equilibrium price may rise or fall.
• D) The equilibrium quantity will rise;the equilibrium price may rise or fall.
• E) The equilibrium price will fall;the equilibrium quantity will not change.

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Definitions:

Transgender Gender Identity

A gender identity that does not exclusively align with one's assigned sex at birth, encompassing a spectrum of gender expressions and identities.

Homosexual Sexual Orientation

denotes a sexual orientation characterized by a romantic or sexual attraction to individuals of the same sex.

XXY Sex Chromosomes

A condition known as Klinefelter syndrome, where a male is born with an extra copy of the X chromosome.

Secondary Sex Characteristics

Features that appear at puberty, distinguishing the two sexes from each other but are not directly involved in reproduction, such as facial hair in men and breast development in women.