Suppose That Demand for a Good Increases And, at the Same

question 54

Multiple Choice

Suppose that demand for a good increases and, at the same time, supply of the good decreases. What would happen in the market for the good?

• 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.

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Definitions:

Down Field

In NMR spectroscopy, referring to shifts in resonance frequency towards lower magnetic field strengths, often indicating an electron-withdrawing environment.

Proton Spin Decoupled

A technique in NMR spectroscopy where the interactions between proton spins are removed or decoupled, simplifying the spectrum and making it easier to interpret.

P-Diethylbenzene

A type of diethylbenzene where the ethyl groups are attached to para positions on a benzene ring, providing unique chemical properties.

Proton Spin Decoupled

A technique in NMR spectroscopy where the interaction between proton spins is removed, simplifying the spectrum and making it easier to interpret chemical environments.