Which of the Following Would Result in an Increase in Equilibrium

question 137

Multiple Choice

Which of the following would result in an increase in equilibrium price and an ambiguous change in equilibrium quantity?

• A) an increase in supply and demand
• B) an increase in supply and a decrease in demand
• C) a decrease in supply and an increase in demand
• D) a decrease in supply and demand

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Definitions:

Virginia

One of the original 13 colonies in the United States, known for its significant role in American history, including being the birthplace of several U.S. presidents.

William Penn

An English Quaker leader and advocate for religious freedom who founded the Province of Pennsylvania, a North American colony, in the late 17th century.

Worship Freely

The right or ability to practice one's religion without interference or restriction by the government or others.

Race And Racism

Refers to the societal constructs based on physical characteristics and the systemic discrimination associated with these constructs.