Which of the Following Statements Is True

question 238

Multiple Choice

Which of the following statements is true?

• A)An increase in supply causes a change in equilibrium price; the change in price does not cause a further change in demand or supply.
• B)A decrease in supply causes equilibrium price to rise; the increase in price then results in a decrease in demand.
• C)If both demand and supply increase there must be an increase in equilibrium price; equilibrium quantity may either increase or decrease.
• D)If demand decreases and supply increases one cannot determine if equilibrium price will increase or decrease without knowing which change is greater.

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Definitions:

Individuals

Persons or entities regarded as separate and distinct from others.

Right Of Privacy

The right to be free from intrusion or interference in one's private affairs and communications by others, including governments and corporations.

Right Of Privacy

The right of an individual to be free from intrusion or interference in their personal life.

Deontology Approach

An ethical theory that emphasizes duty, rules, and obligations when making moral decisions.