In General,when the Demand Curve Shifts to the Right and Supply

question 119

Multiple Choice

In general,when the demand curve shifts to the right and supply remains constant,then

• A) the quantity demanded will fall.
• B) the equilibrium price will fall.
• C) the equilibrium quantity will rise.
• D) the market cannot re-establish an equilibrium.
• E) the quantity supplied falls.

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Definitions:

Ratio

A quantitative relationship between two numbers, indicating how many times one value is contained or can contain the other.

Sample Variances

A measure of the variance (spread or variability) within a sample data set.

Null Hypothesis

A statement in hypothesis testing that there is no significant difference or effect, serving as the default assumption to be tested against alternative hypotheses.

Population Variances

A measure of the dispersion or spread of a set of data points within a population.