A Decrease in Demand and an Increase in Supply Results

question 94

Multiple Choice

A decrease in demand and an increase in supply results in a(n)

• A) decrease in equilibrium price and an ambiguous effect on equilibrium quantity
• B) increase in equilibrium price and an ambiguous effect on equilibrium quantity
• C) ambiguous effect on equilibrium price and an increase in equilibrium quantity
• D) ambiguous effect on equilibrium price and an decrease in equilibrium quantity
• E) increase in equilibrium price and a decrease in equilibrium quantity

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Definitions:

Spoken Language

A system of communicating using sounds, words, and grammar verbally to convey meaning and express ideas.

Wernicke's Area

is a region of the brain associated with the understanding of spoken language, located in the temporal lobe.

Broca's Area

A region in the frontal lobe of the dominant hemisphere (usually the left) of the brain that is responsible for language processing, speech production, and comprehension.

Hippocampus

A region of the brain involved in the formation of new memories and spatial navigation.