Suppose There Is an Increase in Demand

question 26

Multiple Choice

Suppose there is an increase in demand. This would result in:

• A) an increase in both the equilibrium price and quantity exchanged.
• B) an increase in the equilibrium price and a decrease in the equilibrium quantity exchanged.
• C) a decrease in the equilibrium price and an increase in the equilibrium quantity exchanged.
• D) a decrease in both the equilibrium price and quantity exchanged.

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Definitions:

Spermarche

The beginning of the development of sperm in boys’ testicles at puberty.

Voice Change

A phenomenon that occurs typically during puberty, where hormonal changes cause the voice pitch to deepen, especially noticeable in males.

Sensory-perception

A process by which sensory information is organized, interpreted, and consciously experienced.