Suppose Your Bank Opens Up a Dozen More Branches Throughout

question 149

Multiple Choice

Suppose your bank opens up a dozen more branches throughout the city, making it much easier to find an ATM. What happens to the demand and supply curves for this network as it expands?

• A) Demand and supply both shift left.
• B) Demand and supply both shift right.
• C) Demand shifts right and supply shifts left.
• D) Demand shifts left and supply shifts right.

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Definitions:

Wingspan

The measure of distance from one wingtip of an animal or aircraft to the other; in business, it can metaphorically refer to the reach or spread of a company's influence.

Altitudes

The height of an object or point in relation to sea level or ground level.

GEO

Short for Geostationary Earth Orbit, a circular orbit 35,786 kilometers above the Earth's equator where a satellite's orbital period matches the Earth's rotation, appearing stationary to an observer on Earth.

LEO

Stands for Low Earth Orbit, a satellite's orbit relatively close to Earth's surface, typically at altitudes less than 2,000 kilometers, used for telecommunications, military, and observation purposes.