Assume That Both the Demand Curve and the Supply Curve

question 271

Multiple Choice

Assume that both the demand curve and the supply curve for smart phones shift to the right but the demand curve shifts more than the supply curve.As a result

• A)both the equilibrium price and quantity of smart phones will increase.
• B)the equilibrium price of smart phones will increase; the equilibrium quantity may increase or decrease.
• C)the equilibrium price of smart phones may increase or decrease; the equilibrium quantity will increase.
• D)the equilibrium price of smart phones will decrease; the equilibrium quantity may increase or decrease.

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Definitions:

Collaborative Presentations

A cooperative effort by two or more individuals to prepare and deliver a presentation on a shared topic or project.

Type of Delivery

Refers to the methods or styles in which goods are transported to consumers, or in speaking, the manner a message is conveyed to the audience.

Attire

Clothing or apparel worn by individuals, often reflecting personal style, occasion, or social norms.

Monotone

A continuous, unvarying pitch or tone of voice that can make speech sound dull and unengaging.