A Decrease in Demand and an Increase in Supply Results

question 94

Multiple Choice

A decrease in demand and an increase in supply results in a(n)

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

---

Definitions:

Adolescent Peer Groups

Social groups consisting of adolescents who share similar interests, values, or backgrounds, significantly influencing their socialization and identity.

Socialization

Socialization is the process by which individuals learn and internalize the values, beliefs, and norms of their society, shaping their identity and behavior.

Taking the Role

The process of mentally assuming the perspective of another to understand their thoughts, feelings, and behaviors, a concept significant in sociology and psychology.

Gender Differences

Distinctions in characteristics, behaviors, roles, and expectations traditionally associated with being male or female.