Suppose There Is an Increase in Demand in a Market

question 25

Multiple Choice

Suppose there is an increase in demand in a market and no change in the supply. What will happen to the market equilibrium price and quantity?

• A) Equilibrium price will rise; equilibrium quantity will rise.
• B) Equilibrium price will rise; equilibrium quantity will fall.
• C) Equilibrium price will fall; equilibrium quantity will rise.
• D) Equilibrium price will fall; equilibrium quantity will fall.

---

Definitions:

Emotive Words

Words that are used to elicit certain emotions.

Good Definition

A clear, concise, and accurate explanation of a term or concept that enables understanding and avoids ambiguity.

Dysphemism

A word or phrase chosen to produce a negative effect.

Positive Effect

A beneficial impact or outcome resulting from a particular action or set of conditions.