When the Demand Curve Shifts to the Right and the Supply

question 83

Multiple Choice

When the demand curve shifts to the right and the supply curve is held constant:

• A) the equilibrium price and quantity decrease.
• B) the equilibrium price increases, and the equilibrium quantity decreases.
• C) the equilibrium price decreases, and the equilibrium quantity increases.
• D) the equilibrium price and quantity increase.
• E) you see a movement along the demand curve.

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Definitions:

Carving

A sculptural technique in which the artist cuts away material (for example, from a stone block) in order to create a statue or a relief.

Drilling

The process of creating holes or removing material using a drill bit and a drilling machine, applied in various contexts from manufacturing to construction.

Communication Systems

Networks or processes by which information is exchanged among individuals or groups, especially within an organization.

Upward Systems

Systems or processes designed to facilitate the flow of information from lower levels of an organization to higher levels.