If the Demand for Bicycles Increases

question 564

Multiple Choice

If the demand for bicycles increases,

• A) the quantity demanded will decrease.
• B) equilibrium price will increase and equilibrium quantity will decrease.
• C) equilibrium price will decrease and equilibrium quantity will increase.
• D) quantity supplied will increase.
• E) quantity supplied will decrease.

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Definitions:

Sunscreen

A lotion, spray, gel, or other topical product that absorbs or reflects some of the sun's ultraviolet (UV) radiation, helping protect against sunburn.

Argument By Analogy

A form of reasoning where a similarity between two different things is used to draw a conclusion or make a point about one of them.

Similarity

The state or fact of being similar; resemblance or likeness in qualities, characteristics, or appearance.

Single Example

A specific instance or case used to illustrate a general concept or principle.