An Increase in Demand Causes A

question 205

Multiple Choice

An increase in demand causes a:

• A) temporary shortage at the old equilibrium price and a higher new equilibrium price and quantity.
• B) permanent shortage, leaving the equilibrium price and quantity unchanged.
• C) temporary surplus at the old equilibrium price and a lower equilibrium price and quantity.
• D) temporary shortage at the old equilibrium price, a higher new equilibrium price, and a lower new equilibrium quantity.

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Definitions:

Gastrosplenic Vein

A blood vessel that carries blood from the stomach and spleen towards the heart.

Inferior Phrenic Vein

Veins that drain blood from the diaphragm into the inferior vena cava or the left suprarenal vein.

Axillary Vein

A vein that accompanies the axillary artery and drains the upper limb and the lateral aspect of the thorax and breast.

Subscapular Vein

A vein that drains blood from the subscapular region, which includes the underside of the scapula, and typically joins with the axillary vein.