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:

Public Territories

Public territories refer to areas that are open and accessible to anyone, such as parks, streets, and public squares, where individuals can interact freely.

Free Territories

Free Territories can refer to regions or areas that were not under the control of any specific state or governance, often linked with historical contexts where autonomy was emphasized.

Commons Dilemma

A situation in which individuals or groups must balance their own interests with the public good, often involving shared resources.

Social Loafing

The tendency for individuals to reduce their effort when working in a group compared to when working alone.