Assume the Demand for Flash Drives Increases,while the Supply Decreases

question 118

Multiple Choice

Assume the demand for flash drives increases,while the supply decreases.Which of the following outcomes is certain to occur?

• A) The equilibrium price of flash drives will rise.
• B) The equilibrium quantity of flash drives will rise.
• C) The equilibrium price of flash drives will fall.
• D) The equilibrium quantity of flash drives will fall.
• E) Neither the equilibrium price nor the equilibrium quantity of flash drives can be predicted.

---

Definitions:

Art Commissioned

Works of art created or produced specifically for a client or patron, often reflecting the patron's instructions, intentions, or preferences.

Virtuoso Depiction

An artwork or representation done with immense skill and masterful technique, often showcasing the artist's expertise and flair.

Art Historians

Art historians analyze and interpret art by placing it in historical context to understand its meaning, influence, and development over time.

Camera Obscura

Latin, “dark room.” An ancestor of the modern camera in which a tiny pinhole, acting as a lens, projects an image on a screen, the wall of a room, or the ground-glass wall of a box; used by artists in the 17th, 18th, and early 19th centuries as an aid in drawing from nature.