Suppose That the Equilibrium Price of T-Shirts Increases and the Equilibrium

question 84

Multiple Choice

Suppose that the equilibrium price of T-shirts increases and the equilibrium quantity falls. Which of the following best fits the observed data?

• A)An increase in demand with supply constant.
• B)A decrease in supply with demand constant.
• C)An increase in demand coupled with an increase in supply.
• D)A decrease in demand with supply constant.

---

Definitions:

Dome of the Rock

An Islamic shrine located on the Temple Mount in Jerusalem, notable for its significant architectural beauty and religious importance.

Mithraism

An ancient Roman mystery religion centered on the god Mithras and involving complex rituals and symbolism.

Islamic Dynasties

Historical ruling families in the Islamic world, which governed various regions and introduced cultural and scientific advancements.

Umayyad and Nasrid

Referring to two distinct Islamic dynasties; the Umayyad Caliphate was a significant early Islamic empire with its capital in Damascus, while the Nasrid dynasty was the last Muslim dynasty in Spain, known for building the Alhambra.