Given Generally Elastic Demand and Supply Curves for an Industry

question 58

Multiple Choice

Given generally elastic demand and supply curves for an industry, an INCREASE in supply will (all other things being equal) :

• A) lower price but not change quantity demanded.
• B) increase price and increase quantity demanded.
• C) increase price and decrease quantity demanded.
• D) lower price and increase quantity demanded.
• E) not change anything else.

---

Definitions:

Resources for Infant Educators

Tools, materials, and information specifically designed to support those teaching and caring for babies and toddlers.

Cultural Continuity

The ongoing maintenance and transmission of cultural beliefs, practices, and values from one generation to another.

Identity Development

Identity development refers to the process through which an individual forms a distinct self-concept and identity, including aspects such as personal values, beliefs, and purposes.

Caregiver Qualifications

The education, training, skills, and experience required for someone to effectively provide care to another individual.