Assume That Supply Increases Slightly and Demand Increases Greatly

question 15

Multiple Choice

Assume that supply increases slightly and demand increases greatly. Which of the following will happen?

• A) Equilibrium price will fall and equilibrium quantity will rise.
• B) Equilibrium price will rise and equilibrium quantity will fall.
• C) Equilibrium price will rise and equilibrium quantity will rise.
• D) Equilibrium price will fall and equilibrium quantity will fall.
• E) Neither equilibrium price nor equilibrium quantity will change.

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Definitions:

Rigid Gas-permeable

A type of hard contact lens that allows gas exchange through the material, providing clear vision and comfort.

Soft Contact Lenses

Flexible lenses placed on the surface of the eye to correct vision, more comfortable than rigid lenses.

Unit-dose System

A method of dispensing medication in which individual doses are prepared and packaged separately, enhancing safety and accuracy.

Medication Distribution

The process by which medications are allocated and provided to patients within a healthcare setting, ensuring accurate dosages and adherence to prescriptions.