Which of the Following Would Result from an Increase in the Demand

question 69

Multiple Choice

Which of the following would result from an increase in the demand for a good?

• A) Both equilibrium price and quantity would rise.
• B) Both equilibrium price and quantity would fall.
• C) Equilibrium price would rise, and equilibrium quantity would fall.
• D) Equilibrium quantity would rise, and equilibrium price would fall.

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Definitions:

Major

Referring to the primary or most significant product, outcome, or component in a mixture or reaction.

Stereochemistry

The examination of how atoms are spatially organized within molecules and how these layouts influence the molecules' physical and chemical characteristics.

Organic Product

Substances that result from organic chemistry reactions, often characterized by their carbon-based structure.

Major

Often used to describe the primary or most abundant product or outcome in a chemical reaction or process.