Assume That the Demand Curve for MP3 Players Shifts to the Right

question 170

Multiple Choice

Assume that the demand curve for MP3 players shifts to the right and the supply curve for MP3 players shift to the left, but the supply curve shifts less than the demand curve.As a result

• A)both the equilibrium price and quantity of MP3 players will decrease.
• B)both the equilibrium price and quantity of MP3 players will increase.
• C)the equilibrium price of MP3 players may increase or decrease; the equilibrium quantity will decrease.
• D)the equilibrium price of MP3 players will increase; the equilibrium quantity will decrease.

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Definitions:

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration, exhaled as a waste product.

Ketone Bodies

Metabolic byproducts produced from the breakdown of fatty acids, used as an energy source when glucose is scarce.

Diabetes Mellitus

Metabolic disease in which carbohydrate use is reduced and that of lipid and protein enhanced; caused by a deficiency of insulin or an inability to respond to insulin and is characterized, in more severe cases, by hyperglycemia, glycosuria, water and electrolyte loss, ketoacidosis, and coma.

Proton Pump

An integral membrane protein that builds up a proton gradient across a biological membrane by actively transporting protons.