-Refer to the Above Figure

question 256

Multiple Choice

-Refer to the above figure. Suppose that the supply curve shifts from S_A to S_B while the demand curve shifts from D_A to D_B. Which of the following is true about the results of the shifts in the supply and demand curves?

• A) The equilibrium price increases while the equilibrium quantity remains unchanged.
• B) Both the equilibrium price and equilibrium quantity increase.
• C) The equilibrium price remains unchanged while the equilibrium quantity increases.
• D) Both the equilibrium price and equilibrium quantity remain unchanged.

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Definitions:

Mentally Defective

An outdated and offensive term historically used to describe individuals with mental disabilities or impairments; contemporary language favors person-first terms like "people with mental disabilities."

Criminally Inclined

Persons who have a tendency or predisposition to engage in illegal activities or behaviors that violate laws.

National Consumers League

An American consumer organization founded in 1899, dedicated to promoting economic and social justice for consumers and workers in the United States.