Which One of the Following Correctly Describes How Price Adjustment

question 108

Multiple Choice

Which one of the following correctly describes how price adjustment eliminates a shortage?

• A)As the price rises,the quantity demanded decreases and the quantity supplied increases.
• B)As the price rises,the quantity demanded increases and the quantity supplied decreases.
• C)As the price falls,the quantity demanded decreases and the quantity supplied increases.
• D)As the price falls,the quantity demanded increases and the quantity supplied decreases.
• E)As the price falls,the quantity demanded increases and the quantity supplied increases.

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Definitions:

Judgmental

Pertains to the tendency of forming opinions or conclusions about people or situations often without full knowledge or consideration of the facts.

Vigilant

Being keenly watchful to detect danger or maintaining careful attention to responsibilities; alertness to potential problems or threats.

Evolutionary Hypotheses

Theories or propositions based on evolutionary biology that seek to explain the origins and functions of biological traits within the context of natural selection.

Gender Differences

The distinctions in characteristics, behaviors, and roles traditionally associated with males and females, often shaped by social and cultural factors.