Assume That Both the Demand Curve and the Supply Curve

question 96

Multiple Choice

Assume that both the demand curve and the supply curve for MP3 players shift to the right but the supply curve shifts more than the demand curve.As a result

• A)both the equilibrium price and quantity of MP3 players will decrease.
• B)the equilibrium price of MP3 players will decrease; the equilibrium quantity will increase.
• C)the equilibrium price of MP3 players may increase or decrease; the equilibrium quantity will decrease.
• D)the equilibrium price of MP3 players will increase; the equilibrium quantity will decrease.

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Definitions:

Separate Personalities

A condition, often referred to as dissociative identity disorder (DID), where an individual possesses two or more distinct identities or personality states.

Dissociative Amnesia

A psychological condition characterized by temporary loss of memory regarding personal information, usually due to trauma or stress.

Panic Disorder

A mental health condition characterized by sudden and repeated episodes of intense fear or discomfort, known as panic attacks, often without apparent cause.

Dissociative Fugue

A rare dissociative disorder characterized by temporary amnesia for personal identity, including memories, personality, and other identifying characteristics.