If Supply Decreases Along a Given Demand Curve,______

question 95

Multiple Choice

If supply decreases along a given demand curve,______.

• A)there will be an excess quantity demanded in the market,resulting in an increase in the equilibrium price and a decrease in the equilibrium quantity
• B)there will be an excess quantity supplied in the market,resulting in a decrease in the equilibrium price and an increase in the equilibrium quantity
• C)there will be an excess quantity demanded in the market,resulting in an increase in both the equilibrium price and quantity
• D)there will be an excess quantity supplied in the market,resulting in a decrease in both the equilibrium price and quantity
• E)price will fall,shifting the demand curve outward and raising the equilibrium quantity

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Definitions:

Cell Differentiation

The process by which a cell becomes specialized in order to perform a specific function within the body.

Specialize

To focus on a particular area of study or profession, gaining extensive knowledge or skill in that area.

Teratogen

An agent or condition, including viruses, drugs, and chemicals, that can impair prenatal development and result in birth defects or even death.

Prenatal Abnormalities

Defects or conditions that occur in a fetus during pregnancy, which can be structural, functional, or genetic.