Assume That Both the Demand Curve and the Supply Curve

question 194

Multiple Choice

Assume that both the demand curve and the supply curve for DVD players shift to the left but the demand curve shifts more than the supply curve.As a result

• A)both the equilibrium price and quantity of DVD players will decrease.
• B)the equilibrium price of DVD players will decrease; the equilibrium quantity may increase or decrease.
• C)the equilibrium price of DVD players may increase or decrease; the equilibrium quantity will decrease.
• D)the equilibrium price of DVD players will increase; the equilibrium quantity may increase or decrease.

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Definitions:

Developmentalist

A specialist who studies the patterns of growth, change, and stability that occur throughout the human lifespan, focusing on developmental psychology or physical growth.

Attachment

An emotional bond that forms between individuals, especially between parents and their children, influencing personality development and behavior.

Caregiving

The activity or profession of regularly looking after a child or a sick, elderly, or disabled person.

Allocare

A form of caregiving where individuals other than the biological parents partake in raising and caring for children, often seen in communal or extended family structures.