In the Following Question You Are Asked to Determine, Other

question 255

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. A reduction in the number of firms producing X will

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

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Definitions:

Ethnic Population

Refers to a group of people who share a common cultural background, heritage, language, or religion, distinctively different from other groups.

Extermination

The act of completely destroying or eradicating something or the mass killing of people, typically in the context of genocide or warfare.

Internal Colonialism

A concept explaining how a country's dominant group exploits minority groups for economic gain, mimicking the power dynamics of traditional colonialism.

Assimilation

Assimilation is the process by which individuals or groups of differing ethnicity absorb and integrate into the dominant culture of a society.