Suppose the Number of Buyers in a Market Increases and a Technological

question 171

Multiple Choice

Suppose the number of buyers in a market increases and a technological advancement occurs also. What would we expect to happen in the market?

• A)Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous.
• B)Equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous.
• C)Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous.
• D)Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous.

---

Definitions:

Inner Tube

A rubber tube located inside some types of tires that is inflated to hold air pressure.

E-7018 Electrode

A type of welding electrode used for shielded metal arc welding, known for its low-hydrogen coating and suitability for welding carbon steel.

Harsh Environment

A demanding or extreme condition in which equipment or individuals operate, often characterized by high pressures, temperatures, humidity, or corrosive elements.

Construction Site

A location where construction work such as building, engineering, or demolition projects is carried out.