Which of the Following Statements Is Not True of a Market

question 33

Multiple Choice

Which of the following statements is not true of a market?

• A) An increase in demand, with no change in supply, will increase the equilibrium price and quantity.
• B) An increase in supply, with no change in demand, will decrease the equilibrium price and the equilibrium quantity.
• C) A decrease in supply, with no change in demand, will increase the equilibrium price and decrease the equilibrium quantity.
• D) A decrease in demand, with no change in supply, will decrease the equilibrium price and quantity.

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Definitions:

3,6-dimethylcyclohexene

An organic compound with a six-membered ring structure, having methyl groups attached at the 3rd and 6th positions.

Dry Gaseous HBr

Hydrogen bromide gas that is free from water, often used in organic synthesis as a reagent.

Step-by-step Mechanism

A detailed description of every stage in a chemical reaction, explaining the process by which reactants convert into products.

Major Product

The product of a chemical reaction that is formed in the greatest amount, often favored by thermodynamic or kinetic control.