If the Supply of a Good Increased, What Would Be

question 147

Multiple Choice

If the supply of a good increased, what would be the effect on the equilibrium price and quantity?

• A) Price would increase and quantity would decrease.
• B) Price would decrease and quantity would decrease.
• C) Price would increase and quantity would increase.
• D) Price would decrease and quantity would increase.

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Definitions:

Genetic Material

Genetic material constitutes the DNA (deoxyribonucleic acid) or RNA (ribonucleic acid) in living organisms that contains the biological instructions which determine an organism's physical characteristics, development, and functioning.

Double Helix

The structure of DNA, characterized by two twisted strands forming a shape similar to a spiral staircase.

Stage Theorists

Researchers or psychologists who propose that development occurs in distinct, sequential phases or stages.

Sigmund Freud

Austrian neurologist and the founding father of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.