If the Number of Buyers in a Market Increases from 50

question 158

Multiple Choice

If the number of buyers in a market increases from 50 to 100,you would expect the equilibrium price to ________ and the equilibrium quantity to ________,holding all else constant.

• A) increase; increase
• B) increase; decrease
• C) decrease; decrease
• D) decrease; increase
• E) remain the same; remain the same

---

Definitions:

Closed Adoptions

A type of adoption where there is no exchange of information or contact between the biological and adoptive families.

Bodily Rhythms

The natural cycles and patterns in physical processes and functions within the body, such as the circadian rhythm.

Social Mobility

The movement of individuals, families, or groups through a system of social hierarchy or stratification.

Wage Gap

The difference in earnings between two groups, often measured to analyze disparities based on gender, ethnicity, or occupation.