If the Supply Curve Does Not Shift,an Increase in Demand

question 133

Multiple Choice

If the supply curve does not shift,an increase in demand results in a(n)

• A) increase in equilibrium price and a decrease in equilibrium quantity
• B) decrease in equilibrium price and a decrease in equilibrium quantity
• C) increase in equilibrium price and an increase in equilibrium quantity
• D) decrease in equilibrium price and an increase in equilibrium quantity
• E) increase in supply

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Definitions:

Price Of Cup

The amount of money required to purchase a cup, which can vary based on the cup's material, design, and the location of purchase.

Consumption Bundle

A combination of different goods and services that an individual or a household consumes over a certain period.

Income On Food

The portion of an individual's or household's income that is spent on food and food-related expenses.

Shelter

A structure that provides cover or protection from weather, danger, or discomfort, often used as a term for housing or living spaces.