Suppose There Is a Simultaneous Increase in the Demand for Rice

question 223

Multiple Choice

Suppose there is a simultaneous increase in the demand for rice and increase in the supply of rice. Which of the following will occur as a result of these simultaneous events?

• A) Both the market clearing price and equilibrium quantity will rise.
• B) The market clearing price will fall, but the equilibrium quantity will rise.
• C) The market clearing price may rise, fall, or stay the same, but the equilibrium quantity will rise.
• D) The market clearing price will fall, but the equilibrium quantity may rise, fall, or stay the same.

---

Definitions:

Other-oriented

An approach or mindset focused on the thoughts, feelings, and needs of others rather than oneself.

Racial Discrimination

Unfair treatment of individuals based on their race or ethnicity.

Ethnic Discrimination

Unfair treatment of individuals based on their ethnicity, including prejudice, exclusion, or hostility.

Masculine Culture

Culture in which people tend to value traditional roles for men and women, achievement, assertiveness, heroism, and material wealth.