An Increase in Demand with No Change in Supply Will

question 113

Multiple Choice

An increase in demand with no change in supply will lead to _____ in equilibrium quantity and _____ in equilibrium price.

• A)an increase; an increase
• B)an increase; a decrease
• C)a decrease; an increase
• D)a decrease; a decrease

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Definitions:

Depression

An emotional health issue identified by a continuous state of melancholy or an absence of enthusiasm for activities, resulting in major interference with daily activities.

Social Acceptance

The degree to which an individual is accepted or regarded positively by a social group.

Need To Belong

A fundamental human motivation to form and maintain strong, stable interpersonal relationships.

Social Acceptance

The act of being recognized, welcomed, or deemed adequate by a social group or society as a whole.