In the Following Question You Are Asked to Determine,other Things

question 79

Multiple Choice

In the following question you are asked to determine,other things equal,the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for,or supply (S) of,X; (2) the equilibrium price (P) of X;and (3) the equilibrium quantity (Q) of X. Refer to the given information.A decrease in the number of consumers of product X will:

• A) decrease S,decrease P,and decrease Q.
• B) increase D,increase P,and increase Q.
• C) decrease D,decrease P,and decrease Q.
• D) decrease D,decrease P,and increase Q.

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Definitions:

Positive Impression

The favorable perception or judgment formed by others based on one's actions, appearance, or communications.

Minor Error

A small mistake or oversight that is not usually critical in nature but may require correction.

External Factors

Influences that originate outside an individual or system, affecting their behavior and outcomes.

Social Roles

The parts individuals play as members of a social group, which meet the expectations of society.