What Would an Increase in Demand for Chocolate Chips Usually

question 182

Multiple Choice

What would an increase in demand for chocolate chips usually result in?  

• A) a higher equilibrium price and a lower equilibrium quantity 
• B) a lower equilibrium price and a lower equilibrium quantity 
• C) a lower equilibrium price and a higher equilibrium quantity 
• D) a higher equilibrium price and a higher equilibrium quantity

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Definitions:

Acid Deposition

A broad term that includes any form of precipitation with acidic components, such as sulfuric or nitric acid, falling to the ground from the atmosphere.

CFCs

Chlorofluorocarbons, man-made chemical compounds once commonly used in aerosols and refrigerants, known to deplete the ozone layer.

Spray Cans

Aerosol containers that dispense liquid material as a fine spray, commonly used for products like paint, deodorant, or insecticide.

Air Conditioners

Devices designed to remove heat and humidity from an interior space, improving comfort and air quality.