When Supply and Demand for a Product Increase Simultaneously, We

question 42

Multiple Choice

When supply and demand for a product increase simultaneously, we

• A) can predict that both the market clearing price and the equilibrium quantity will increase.
• B) can predict that both the market clearing price and the equilibrium quantity will decrease.
• C) cannot predict the market clearing price, but know that the equilibrium quantity will increase.
• D) cannot predict the change in either the equilibrium quantity or the market clearing price.

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Definitions:

Combining Forms

Parts of words (often derived from Greek or Latin) that carry specific meanings and are used in the construction of medical and scientific terminology.

Suffix

A linguistic element added to the end of a word to form a derivative or change its grammatical function.

Consonant

A speech sound produced by partially or completely obstructing the flow of air through the vocal tract, characterized by less resonance and more restriction than vowels.

Impulses

Electrical or chemical signals transmitted through the nerves of the body.