Suppose That for a Given Good Demand Increases and Supply

question 128

Multiple Choice

Suppose that for a given good demand increases and supply increases at the same time.If demand increases by a lesser amount than supply increases,then equilibrium price __________ and equilibrium quantity __________ for that good.

• A) rises; falls
• B) falls; falls
• C) rises; rises
• D) falls; rises

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Definitions:

FMLA leave

Refers to the Family and Medical Leave Act in the United States, allowing eligible employees to take unpaid, job-protected leave for specific family and medical reasons with continuation of group health insurance coverage.

Unpaid leave

Time off from work that an employee is allowed to take without pay, which can be for various reasons including medical leave, family emergencies, or personal time.

Religious discrimination

Unfair or unequal treatment of individuals or groups based on their religious beliefs or practices.

Prima facie case

Evidentiary standard that requires sufficient evidence to prove the case in the absence of any contradictory evidence.