Given a Downward-Sloping Demand Curve and an Upward-Sloping Supply Curve

question 46

Multiple Choice

Given a downward-sloping demand curve and an upward-sloping supply curve for product A,an increase in the price of substitute product B and a simultaneous technological innovation in making product A will:

• A)increase equilibrium quantity, but the change in equilibrium price will depend on the relative sizes of the shifts in demand and supply
• B)decrease equilibrium quantity, but the change in equilibrium price will depend on the relative sizes of the shifts in demand and supply
• C)increase equilibrium price, but the change in equilibrium quantity will depend on the relative sizes of the shifts in demand and supply
• D)decrease equilibrium price, but the change in equilibrium quantity will depend on the relative sizes of the shifts in demand and supply
• E)keep equilibrium price and quantity the same

---

Definitions:

Alimentary Canal

The whole passage along which food passes through the body from mouth to anus, including the esophagus, stomach, and intestines.

Erythrocytes

Red blood cells, which are responsible for transporting oxygen from the lungs to the body tissues and carbon dioxide from the tissues back to the lungs.

Rhinitis

Inflammation of the nasal mucous membrane, leading to symptoms such as a runny nose, sneezing, and nasal itching.

Muscle Layers

Groups of muscles arranged one on top of another within the body, contributing to its structure and movement.