Figure: Supply and Demand 2 What Happens as a Result

question 174

Multiple Choice

Figure: Supply and Demand 2 What happens as a result of the change in demand in the diagram?

• A) a decrease in both the equilibrium price and the equilibrium quantity
• B) an increase in both the equilibrium price and the equilibrium quantity
• C) an increase in the equilibrium price and a decrease in the equilibrium quantity
• D) a decrease in the equilibrium price and an increase in the equilibrium quantity

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Definitions:

Sons of Liberty

A secret revolutionary organization that was formed by American Patriots in the Thirteen Colonies to oppose British policies before the American Revolution.

Samuel Adams

A Founding Father of the United States known for his leadership in the American Revolution, particularly in Massachusetts, and a key figure in organizing the Boston Tea Party.

Boston's Resistance

Refers to the series of events and acts of opposition by inhabitants of Boston, Massachusetts, against British authority leading up to the American Revolutionary War.

Colonial Delegates

Representatives from the American colonies who participated in assemblies and congresses prior to the United States' independence.