An Increase in the Demand for Apples with No Concurrent

question 157

Multiple Choice

An increase in the demand for apples with no concurrent change in the supply of apples will result in a ________ equilibrium price and a(n) ________ equilibrium quantity.

• A) higher;lower
• B) lower;lower
• C) higher;unchanged
• D) higher;higher
• E) lower;higher

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Definitions:

Afterlife

The belief or concept concerning the continuation of existence in some form after death, varying significantly among different religions, cultures, and philosophies.

Agnostic

Someone who thinks it is impossible to know whether gods exist, but does not deny the possibility.

Atheist

A person who does not believe in the existence of a god or any gods.

Conversion Phases

Stages through which individuals or groups pass when adopting new beliefs, values, or practices, especially in the context of religious or ideological change.