Assume That Both the Demand Curve and the Supply Curve

question 118

Multiple Choice

Assume that both the demand curve and the supply curve for MP3 players shift to the right but the demand curve shifts more than the supply curve.As a result

• A)both the equilibrium price and quantity of MP3 players will increase.
• B)the equilibrium price of MP3 players will increase; the equilibrium quantity may increase or decrease.
• C)the equilibrium price of MP3 players may increase or decrease; the equilibrium quantity will increase.
• D)the equilibrium price of MP3 players will decrease; the equilibrium quantity may increase or decrease.

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Definitions:

Autonomy

The capacity to make an informed, uncoerced decision independently or the state of being self-governing.

Intimacy

Intimacy is defined as a close and often affectionate or loving personal connection with another individual or group.

Amygdala

A part of the brain's limbic system involved in processing emotions, especially fear and pleasure.

Late Adulthood

A stage in the human life span typically characterized by retirement, aging, and facing issues related to mortality and legacy.