When the Supply And/or Demand Curve Shift, the New Market

question 104

Multiple Choice

When the supply and/or demand curve shift, the new market clearing price is

• A) reached instantaneously.
• B) reached only after the government intervenes in the market.
• C) reached after some period of adjustment.
• D) never reached.

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Definitions:

Unconstitutional

Actions or laws that are not in accordance with the constitution.

Racial Segregation

The enforced separation of different racial groups in daily life, such as in schooling, housing, and employment.

Obesity

A medical condition characterized by excessive body fat that presents health risks.

Social Factors

Elements within society such as family, wealth, education, and religion influencing an individual's life choices and opportunities.