Given a Positively Sloped Supply Curve,a Rise in the Demand

question 37

Multiple Choice

Given a positively sloped supply curve,a rise in the demand for that commodity causes

• A)a shortage of other goods.
• B)a fall in sales of that commodity.
• C)an increase in both the equilibrium price and the equilibrium quantity exchanged.
• D)a decrease in the equilibrium price and an increase in the equilibrium quantity exchanged.
• E)a decrease in both the equilibrium price and the equilibrium quantity exchanged.

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Definitions:

Monitor Display

A visual output device that displays computer-generated images and information to the user.

Dentate Gyrus

A part of the hippocampus in the brain involved in the formation of new memories and one of the few regions where neurogenesis (the growth of new neurons) occurs.

Neurogenesis

The process by which new neurons are formed in the brain.

Hippocampus

A major component of the brain in humans and other vertebrates, associated with memory formation and spatial navigation.