Suppose the Number of Buyers in a Market Increases and a Technological

question 171

Multiple Choice

Suppose the number of buyers in a market increases and a technological advancement occurs also. What would we expect to happen in the market?

• 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:

Vagina

A muscular tube connecting the external genitals to the cervix of the uterus in females, part of the reproductive system.

Menstrual Flow

The discharge of blood and tissue from the lining of the uterus that occurs in the absence of pregnancy.

Birth Canal

The passage comprising the cervix, vagina, and vulva through which a fetus passes during childbirth.

Ductus Deferens

A tube that carries sperm from the epididymis to the ejaculatory ducts in the male reproductive system.