Assume That Both the Demand Curve and the Supply Curve

question 271

Multiple Choice

Assume that both the demand curve and the supply curve for smart phones shift to the right but the demand curve shifts more than the supply curve.As a result

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

---

Definitions:

Introspection

The examination or observation of one's own mental and emotional processes.

Hypnagogic Perception

Experiences of vivid sensory phenomena that occur during the transition from wakefulness to sleep.

Delta Brain

Pertaining to the delta brain waves, which are the slowest brain waves and are associated with deep sleep and unconscious information processing.

Childish Modes

Patterns of behavior that are typically associated with children, such as dependency, simplicity in problem-solving, or immediate gratification seeking.