Suppose There Is a Simultaneous Increase in the Demand for Wheat

question 396

Multiple Choice

Suppose there is a simultaneous increase in the demand for wheat and increase in the supply of wheat. Which of the following will occur as a result of these simultaneous events?

• A)Both the market clearing price and equilibrium quantity will rise.
• B)The market clearing price will fall, but the equilibrium quantity will rise.
• C)The market clearing price may rise, fall, or stay the same, but the equilibrium quantity will rise.
• D)The market clearing price will fall, but the equilibrium quantity may rise, fall, or stay the same.

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Definitions:

Defense Mechanisms

Largely unconscious reactions that protect a person from unpleasant emotions such as anxiety and guilt.

Painful Emotions

Intense, uncomfortable feelings that are typically a response to negative experiences or thoughts.

Sexual Impulses

Natural or instinctual drives related to sexual desire and actions.

Death Impulses

Refers to an unconscious drive towards death or self-destruction, often mentioned in Freudian psychology as Thanatos.