If the Demand for a Product Increases, What Would We

question 276

Multiple Choice

If the demand for a product increases, what would we expect?

• A) equilibrium price to increase and equilibrium quantity to decrease
• B) equilibrium price to decrease and equilibrium quantity to increase
• C) equilibrium price and equilibrium quantity to both increase
• D) equilibrium price and equilibrium quantity to both decrease

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Definitions:

Photographs

Images captured by a camera that record visual information.

Lens

An optical component made from transparent material that forms an image by focusing or dispersing light rays, commonly found in glasses, cameras, and microscopes.

Rods and Cones

Photoreceptor cells in the retina responsible for vision; rods detect light and dark changes, while cones perceive color.

Bipolar Cells

A type of neuron found in the eye's retina, transferring signals from photoreceptor cells to ganglion cells.