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

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Definitions:

Number Of Times

The frequency or occurrence rate of an event or action.

Number Of Places

Refers to the specified number of locations or positions within a given context or setting.

Removed View

An additional view in drafting that is separated from the main drawing to clarify details of the object being depicted.

Secondary Aux View

An auxiliary view derived from a primary auxiliary view in drafting for the purpose of showing a part's features more clearly.