Assume That Both the Demand Curve and the Supply Curve

question 96

Multiple Choice

Assume that both the demand curve and the supply curve for MP3 players shift to the right but the supply curve shifts more than the demand curve.As a result

• A)both the equilibrium price and quantity of MP3 players will decrease.
• B)the equilibrium price of MP3 players will decrease; the equilibrium quantity will increase.
• C)the equilibrium price of MP3 players may increase or decrease; the equilibrium quantity will decrease.
• D)the equilibrium price of MP3 players will increase; the equilibrium quantity will decrease.

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Definitions:

Chest Pain

A common symptom that can result from a variety of causes ranging from non-serious to life-threatening conditions.

Ophthalmic Eye Drops

Medication in drop form, administered to the eye to treat a variety of conditions.

Conjunctival Sac

The space between the eyelids and the surface of the eye itself, where contact lenses rest and where eye drops are administered.

High-Fowler's Position

A sitting position where the patient's upper body is elevated at an angle of 60 to 90 degrees, often used to improve breathing.