Suppose That Demand Increases and Supply Decreases

question 269

Multiple Choice

Suppose that demand increases and supply decreases. What would we expect to happen in the market?

• A) Equilibrium price would decrease, but the impact on quantity would be ambiguous.
• B) Equilibrium price would increase, but the impact on quantity would be ambiguous.
• C) Both equilibrium price and quantity would increase.
• D) Both equilibrium price and quantity would decrease.

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Definitions:

Root Epidermis

The outermost layer of cells in the root of a plant, which absorbs water and nutrients from the soil.

Monocot Roots

The type of roots found in monocotyledonous plants, characterized by a fibrous root system that helps in efficient absorption of water and nutrients.

Eudicot Roots

The roots of eudicot plants, characterized by a central main root from which lateral roots branch out, typically forming a taproot system.

Radicle

The embryonic root of a seed plant.