If a Market Is Allowed to Move Freely to Its

question 65

Multiple Choice

If a market is allowed to move freely to its equilibrium price and quantity,then an increase in supply will

• A)increase consumer surplus.
• B)reduce consumer surplus.
• C)not affect consumer surplus.
• D)Any of the above are possible.

---

Definitions:

Swivel Chair

A chair that rotates horizontally, typically on a single central leg, allowing the user to turn in any direction.

Net Profit

The financial gain remaining after subtracting all expenses, taxes, and costs from revenue; a key indicator of a business's profitability.

Cell Value

Cell value typically refers to the content or data entered into a single cell in a spreadsheet or table.

Constraint

A limitation or restriction in a problem-solving or computational scenario that must be considered or adhered to.