Assume That Both the Demand Curve and the Supply Curve

question 58

Multiple Choice

Assume that both the demand curve and the supply curve for DVD players shift to the left but the supply curve shifts more than the demand 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 increase.
• D)the equilibrium price of DVD players will increase; the equilibrium quantity will decrease.

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Definitions:

Testes

The male reproductive organs that produce sperm and hormones, including testosterone.

Sexual Response

The physiological and emotional reactions of an individual to sexual arousal, typically described in phases such as desire, arousal, orgasm, and resolution.

Excitement Phase

The initial stage of the human sexual response cycle, characterized by increased heart rate, muscle tension, and blood flow to the genital areas.

Sexual Interest

The level of attraction or arousal a person feels towards others, which can vary across a spectrum of preferences.