Suppose That the Supply Curve Remains Unchanged

question 232

Multiple Choice

Suppose that the supply curve remains unchanged. If the demand curve shifts to the right

• A) the market clearing price definitely will decrease.
• B) the market clearing price definitely will increase.
• C) there will be no change in the market clearing price.
• D) the market will collapse.

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Definitions:

Compassion

A feeling of deep sympathy and sorrow for another who is stricken by misfortune, accompanied by a strong desire to alleviate the suffering.

Support

Assistance provided to meet the physical, emotional, or financial needs of individuals or groups.

Individualist-Collectivist

This term refers to a dimension of culture that contrasts the preference for behavior that prioritizes self-interest versus group interests.

Uncertainty Avoidance

The degree to which people are able to deal with the unexpected and how they cope with uncertainty in unstructured environments.