If Both the Supply and the Demand Curves Shift to the Right

question 257

Multiple Choice

If both the supply and the demand curves shift to the right:

• A) equilibrium price and equilibrium quantity both increase.
• B) equilibrium price increases and the effect on equilibrium quantity is indeterminate.
• C) equilibrium quantity increases and the effect on equilibrium price is indeterminate.
• D) the effect on both equilibrium price and equilibrium quantity is indeterminate.

Evaluate the effects of price elasticity on total expenditures and demand.

Understand the concept of quasilinear and homothetic preferences and their implications.

Understand the core principles and purposes of case management.

Identify and describe key strategies and techniques in solution-focused therapy and task-centered models.

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Definitions:

Predisposition

A natural inclination or tendency to suffer from a particular condition or exhibit a particular behavior.

Phobic Reactions

Intense, irrational fears of specific objects or situations that lead to avoidance behavior and can significantly disrupt daily functioning.

Phobic Disorders

Anxiety disorders characterized by an intense, irrational fear of specific objects, scenarios, or activities that poses little to no actual danger.

Full Intensity

The highest level of power, concentration, or force employed in an activity or observed in a phenomenon.