Which of the Following Statements Is True

question 238

Multiple Choice

Which of the following statements is true?

• A)An increase in supply causes a change in equilibrium price; the change in price does not cause a further change in demand or supply.
• B)A decrease in supply causes equilibrium price to rise; the increase in price then results in a decrease in demand.
• C)If both demand and supply increase there must be an increase in equilibrium price; equilibrium quantity may either increase or decrease.
• D)If demand decreases and supply increases one cannot determine if equilibrium price will increase or decrease without knowing which change is greater.

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Definitions:

Sensory Stimulation

Refers to the process of sending information to your brain through senses like sight, touch, taste, smell, and hearing.

Visual Acuity

The sharpness of vision, measured by the ability to discern letters or numbers at a given distance according to a fixed standard.

Proximodistal

Proximodistal describes a pattern of development in human growth where control and growth spread outward from the central axis of the body towards the extremities.

Neuron's Cell Body

The part of a neuron that contains the nucleus and most of the cell's organelles, responsible for metabolic activities.