Which of the Following Statements Is True

question 178

Multiple Choice

Which of the following statements is true?

• A)An increase in demand causes a change in equilibrium price; the change in price does not cause a further change in demand or supply.
• B)A decrease in supply causes equilibrium price to rise; the increase in price then results in a decrease in demand.
• C)If both demand and supply increase there must be an increase in equilibrium price; equilibrium quantity may either increase or decrease.
• D)If demand decreases and supply increases one cannot determine if equilibrium price will increase or decrease without knowing which change is greater.

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Definitions:

Deafness

A condition characterized by the partial or complete inability to hear.

Pregnancy

The condition of having a developing embryo or fetus in the uterus, marked by various physical and hormonal changes in the body.

Maternal Cigarette Smoking

The act of smoking cigarettes by a mother, which can have harmful effects on fetal development and child health.

Miscarriage

The spontaneous loss of a pregnancy before the fetus can survive outside the womb, typically occurring before the 20th week of pregnancy.