An Increase in Supply Results in A(n)

question 145

Multiple Choice

An increase in supply results in a(n)

• A) increase in demand
• B) decrease in equilibrium quantity and an increase in equilibrium price
• C) decrease in equilibrium quantity and a decrease in equilibrium price
• D) decrease in equilibrium price and an increase in equilibrium quantity
• E) unfavorable shift in tastes and preferences

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Definitions:

Attrition

The loss of participants during the course of a study, which can potentially bias the results.

Maturation

The process of growth or development, often in the context of organisms or psychological development in research.

Diffusion

The process by which an innovation is communicated through certain channels over time among members of a social system.

Control

In experimental research, the standard by which test results are compared, often a group that does not receive the experimental treatment.