Which of the Following Statements Is True

question 178

Multiple Choice

Which of the following statements is true?

• A)An increase in demand causes a change in equilibrium price; the change in price does not cause a further change in demand or supply.
• B)A decrease in supply causes equilibrium price to rise; the increase in price then results in a decrease in demand.
• C)If both demand and supply increase there must be an increase in equilibrium price; equilibrium quantity may either increase or decrease.
• D)If demand decreases and supply increases one cannot determine if equilibrium price will increase or decrease without knowing which change is greater.

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Definitions:

Dizygotic Twins

Also known as fraternal twins, are two siblings born at the same time as a result of two different eggs being fertilized by two different sperm cells, sharing 50% of their DNA.

Zygote

The initial cell formed when a sperm fertilizes an egg, representing the earliest stage of embryonic development.

Cystic Fibrosis

A fatal genetic disorder in which mucus obstructs the lungs and pancreas.

Recessive Gene

A gene that produces its characteristic phenotype only when its allele is identical or when the dominant allele is not present.