Consider a Market That Is in Equilibrium

question 38

Multiple Choice

Consider a market that is in equilibrium.If it experiences an increase in demand,what will happen? The demand curve will shift to the:

• A) right, and the equilibrium price and quantity will rise.
• B) right, and the equilibrium price will increase and the equilibrium quantity will decrease.
• C) right, and the equilibrium price and quantity will fall.
• D) left, and the equilibrium price and quantity will fall.

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Definitions:

Absorption

The process by which substances are taken up and assimilated into the body, such as nutrients from the digestive tract into the bloodstream.

Mechanical Breakdown

The physical process of breaking food into smaller pieces, an essential part of digestion.

Chemical Digestion

The process of breaking down food in the gut into smaller components, using enzymes, so they can be absorbed into the body.

Common Hepatic Duct

A duct in the liver that conveys bile from the liver to the cystic duct and then to the gallbladder.