Suppose the Demand Curve for a Good Shifts Rightward,causing the Equilibrium

question 133

Multiple Choice

Suppose the demand curve for a good shifts rightward,causing the equilibrium price to increase.This increase in the price of the good results in

• A) a rightward shift of the supply curve.
• B) an increase in quantity supplied.
• C) a leftward shift of the supply curve.
• D) a downward movement along the supply curve.

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Definitions:

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Dependent Variable

In an experiment, the variable that is measured to determine how it was affected by the manipulation of the independent variable.

Independent Variable

The variable in an experiment that is manipulated to observe its effect on the dependent variable.

Experimental Group

A group in a scientific study that receives the intervention or treatment being tested.