The Initial Equilibrium Price in the Market for Web Pages

question 57

Multiple Choice

The initial equilibrium price in the market for Web pages is $200 per page and 1000 Web pages are created in a month.Many new Web design firms now enter the market.As a result,

• A) the supply of Web pages increases and the price falls.
• B) the supply curve of Web pages shifts leftward and the price falls.
• C) the demand for Web pages increases and the price rises.
• D) the supply of web pages increase and the price falls, which then increases the demand for Web pages and the demand curve shifts rightward.
• E) the demand for Web pages increases and the price falls.

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Definitions:

Higher Status Organization

An organization perceived to have greater prestige, authority, or influence compared to others in a similar sphere.

Association

A connection or relationship between two or more concepts, objects, or people.

Alliance

A formal agreement or partnership between individuals, organizations, or countries to achieve mutual goals.

Organizational Entity

Refers to any specific social unit in the context of a larger social system, including businesses, governments, and non-profits, that has a structured purpose and function.