Consider a Market That Is in Equilibrium

question 14

Multiple Choice

Consider a market that is in equilibrium.If it experiences an increase in supply,what will happen?

• A)The supply curve will shift to the right and the equilibrium price and quantity will rise.
• B)The supply curve will shift to the right and the equilibrium price will decrease and the equilibrium quantity will increase.
• C)The supply curve will shift to the right and the equilibrium price and quantity will fall.
• D)The supply curve will shift to the left and the equilibrium price and quantity will fall.

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Definitions:

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance that is essential for all forms of life, known chemically as H2O.

Sunlight

The natural light that emanates from the sun, essential for most forms of life on Earth.

Hydrogen Ions

Positively charged ions, or protons, denoted as H+, which are fundamental in determining the acidity or pH level of solutions.

Thylakoid Membrane

The site within chloroplasts that contains chlorophyll and where the light-dependent reactions of photosynthesis occur.