Suppose Demand Increases and Supply Increases, but Supply Increases More

question 72

Multiple Choice

Suppose demand increases and supply increases, but supply increases more than demand.What will happen to equilibrium price and quantity?  

• A) Equilibrium price will increase, and equilibrium quantity will increase. 
• B) Equilibrium price will decrease, and equilibrium quantity will increase. 
• C) Equilibrium price will increase, and equilibrium quantity will decrease. 
• D) Equilibrium price will decrease, and equilibrium quantity will decrease.

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Definitions:

Chronology Of Events

The sequential order in which past events occurred, typically presented in a timeline format.

CPT

Current Procedural Terminology, a set of codes used by healthcare providers to document and bill for procedures and services.

2014 CPT Manual

The 2014 CPT Manual is a publication by the American Medical Association listing the codes used by medical professionals to report and bill for procedures and services.

Add-On Code

In medical billing, a code that represents an additional procedure performed during the same service session as the primary procedure.