The Initial Equilibrium Price in the Market for Web Pages

question 57

Multiple Choice

The initial equilibrium price in the market for Web pages is $200 per page and 1000 Web pages are created in a month.Many new Web design firms now enter the market.As a result,

• A) the supply of Web pages increases and the price falls.
• B) the supply curve of Web pages shifts leftward and the price falls.
• C) the demand for Web pages increases and the price rises.
• D) the supply of web pages increase and the price falls, which then increases the demand for Web pages and the demand curve shifts rightward.
• E) the demand for Web pages increases and the price falls.

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Definitions:

Deviance

Actions or behaviors that violate societal norms and expectations, leading to social disapproval or sanction.

Criminality

The state or quality of being criminal; the behaviors and actions that constitute crime or are in violation of the legal system.

Anything Goes Mentality

A laissez-faire attitude towards rules and norms, suggesting that all actions are permissible regardless of morals or consequences.

Positively Valued Stimuli

Objects, conditions, or experiences that are considered desirable or beneficial by a person or within a culture.