Assume a Market Is in Equilibrium

question 215

Multiple Choice

Assume a market is in equilibrium.There is an increase in supply,but no change in demand As a result the equilibrium price ________,and the equilibrium quantity ________.

• A) rises; increases
• B) rises; decreases
• C) rises; does not change
• D) falls; decreases
• E) falls; increases

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Definitions:

Blacks

A term often used to refer to individuals of Sub-Saharan African descent; however, it can encompass a diverse range of identities and cultures.

Drug Overdoses

Drug overdoses occur when an individual takes a quantity of a drug that is beyond the safe amount, leading to potentially fatal repercussions.

Suicide Attempts

Actions taken by an individual with the intention of ending their own life but which do not result in death.

Suicide Fatalities

Deaths resulting from the act of intentionally causing one's own death.