Assume That Both the Demand Curve and the Supply Curve

question 58

Multiple Choice

Assume that both the demand curve and the supply curve for DVD players shift to the left but the supply curve shifts more than the demand curve.As a result

• A)both the equilibrium price and quantity of DVD players will decrease.
• B)the equilibrium price of DVD players will decrease; the equilibrium quantity may increase or decrease.
• C)the equilibrium price of DVD players may increase or decrease; the equilibrium quantity will increase.
• D)the equilibrium price of DVD players will increase; the equilibrium quantity will decrease.

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Definitions:

Emotional Competence

The capacity to effectively understand and manage one's own emotions and empathetically interact with others' feelings.

Competencies

The skills, knowledge, and abilities that are necessary for the effective performance of a job or task.

Listening Openly

The practice of actively and attentively listening to others without judgment or forming premature conclusions.

Emotional Intelligence

The ability to recognize, understand, and manage one’s own emotions and the emotions of others.