Suppose That Both the Equilibrium Price and Quantity of Ketchup

question 11

Multiple Choice

Suppose that both the equilibrium price and quantity of ketchup fall. The most consistent explanation for these observations is:

• A)a decrease in demand for ketchup with no change in supply.
• B)an increase in demand for ketchup with no change in supply.
• C)an increase in demand for ketchup and a decrease in the supply of ketchup.
• D)an increase in the supply of ketchup with no change in demand.

---

Definitions:

Natural Selection

A fundamental mechanism of evolution, where individuals that have certain inherited traits tend to survive and reproduce more successfully than others.

Reproductive Success

The transmission of genes to offspring in a manner that enables those offspring to further pass those genes to subsequent generations.

Mating Preference

The set of attributes or characteristics an individual finds desirable or selects for in a potential mate, influenced by genetic, environmental, and social factors.

Darwinian Revolution

The paradigm shift in biological science, influenced by Charles Darwin, which introduced natural selection as a mechanism for evolution and species adaptation.