A Competitive Market Is in Equilibrium

question 20

Multiple Choice

A competitive market is in equilibrium.Then there is an increase in demand and an increase in supply.The equilibrium price ________,and the equilibrium quantity ________.

• A)falls;increases
• B)perhaps changes but we can't say if it rises,falls or stays the same;increases
• C)perhaps changes but we can't say if it rises,falls or stays the same;does not change
• D)rises;increases
• E)falls;perhaps changes but we can't say if it increases,decreases or stays the same

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Definitions:

Intellectual Disability

A disability characterized by significant limitations both in intellectual functioning and in adaptive behavior, manifesting before the age of 18.

Autism Spectrum Disorder

A range of neurodevelopmental conditions characterized by challenges in social interaction, communication, and restricted or repetitive behaviors and interests.

Attention-Deficit Disorder

A neurological disorder characterized by a pattern of inattention and/or hyperactivity-impulsivity that interferes with functioning or development.

Intellectual Disability

A developmental disorder characterized by significant limitations in both intellectual functioning and in adaptive behavior, which covers many everyday social and practical skills.