Which of the Following Statements Is Not True of a Market

question 33

Multiple Choice

Which of the following statements is not true of a market?

• A) An increase in demand, with no change in supply, will increase the equilibrium price and quantity.
• B) An increase in supply, with no change in demand, will decrease the equilibrium price and the equilibrium quantity.
• C) A decrease in supply, with no change in demand, will increase the equilibrium price and decrease the equilibrium quantity.
• D) A decrease in demand, with no change in supply, will decrease the equilibrium price and quantity.

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Definitions:

Sensation Seeking Scale

The Sensation Seeking Scale is a psychological tool used to measure an individual's propensity for seeking novel, complex, and intense sensations and experiences.

Shy

Characterized by feeling nervous or timid in the presence of others, often leading to avoidance of social interactions.

Emotionally Expressive

The ability or tendency to outwardly display emotions or feelings through facial expressions, gestures, or speech.

Risky Vocations

Occupations that involve a high degree of danger or risk to the individual performing them.