Consider the Market for a Good That Is Initially in Equilibrium.Which

question 62

Multiple Choice

Consider the market for a good that is initially in equilibrium.Which of the following is most likely to happen if supply increases by a smaller amount than the increase in demand?

• A)Equilibrium price will fall and equilibrium quantity will rise.
• B)Equilibrium price will rise and equilibrium quantity will fall.
• C)Both equilibrium price and equilibrium quantity will rise.
• D)Equilibrium price will rise but the change in equilibrium quantity is indeterminate.
• E)Both equilibrium price and equilibrium quantity will fall.

---

Definitions:

Unconscious Processing

Cognitive processes that occur without conscious awareness or intent.

REM Sleep

Rapid Eye Movement sleep, a phase of sleep characterized by rapid movements of the eyes, low muscle tone, and vivid dreams.

Large Muscles

Refers to the more substantial and often more visible muscles in the body, including those in the legs, arms, back, and abdomen, which can be developed through physical training.

Deeply Relaxed

A state of physical and mental calm achieved through techniques like meditation, deep breathing, or progressive muscle relaxation.