Assume That Both the Demand Curve and the Supply Curve

question 90

Multiple Choice

Assume that both the demand curve and the supply curve for tablet computers shift to the right, but the supply curve shifts more than the demand curve. As a result:

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

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Definitions:

Clergy

Persons ordained for religious duties, especially in Christian traditions, serving in roles such as priests, ministers, or rabbis.

Public Man

A concept often associated with roles of individuals in public life, emphasizing participation, influence, and responsibility in the wider community or society.

Richard Sennett

An American sociologist and author known for his work on the social ties and interactions within cities, and the impact of urban life on individuals in modern society.

Intimate Association

Close, personal relationships that are deeply connected to one's emotional and social identity.