The Initial Equilibrium Price in the Market for Web Pages

question 57

Multiple Choice

The initial equilibrium price in the market for Web pages is $200 per page and 1000 Web pages are created in a month.Many new Web design firms now enter the market.As a result,

• A) the supply of Web pages increases and the price falls.
• B) the supply curve of Web pages shifts leftward and the price falls.
• C) the demand for Web pages increases and the price rises.
• D) the supply of web pages increase and the price falls, which then increases the demand for Web pages and the demand curve shifts rightward.
• E) the demand for Web pages increases and the price falls.

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Definitions:

Customer's Objection

The concerns or reasons given by a customer that hinder them from making a purchase decision.

Pharmaceutical Salesperson

A professional focused on selling and promoting pharmaceutical products and medications to healthcare professionals and facilities.

Prospect's Objection

Concerns or hesitations raised by a potential customer against purchasing a product or service during the sales process.

Product Safety

The aspect of ensuring that a product will not cause harm to users or the environment, typically addressed through compliance with safety standards and regulations.