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:

Body Growth

The increase in physical size, strength, and complexity of an organism over time.

Adrenal Glands

Endocrine glands located above the kidneys that produce various hormones, including adrenaline and cortisol, which help the body respond to stress.

Epinephrine

Also known as adrenaline, it's a hormone and medication involved in regulating visceral functions (e.g., heart rate and blood pressure) and the body's fight-or-flight response.

Fight-or-Flight

A physiological response where the body prepares to confront or avoid danger.