An Increase in Demand Combined with No Change in Supply

question 446

Multiple Choice

An increase in demand combined with no change in supply

• A) raises the equilibrium price.
• B) lowers the equilibrium price.
• C) results in only a movement rightward along the demand curve.
• D) decreases demand because the supply curve does not shift.

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Definitions:

Neural Activity

The electrochemical actions and reactions that occur within the nervous system, including brain functions and nerve signaling.

Fluid Intelligence

The aspect of intelligence involving the ability to reason quickly and to think abstractly, often considered independent of learning, experience, and education.

Crystallized Intelligence

The ability to use learned knowledge and experience in problem-solving; it typically increases with age.

Abstractly

Thinking in a way that is not concrete or specific, but involves concepts and ideas without physical reference.