Suppose Improvements in Technology Cause the Supply of Natural Gas

question 60

Multiple Choice

Suppose improvements in technology cause the supply of natural gas to increase and at the same time the demand for natural gas increases.What are we sure of?

• A) Both equilibrium price and quantity increase.
• B) Equilibrium price increases.
• C) Equilibrium price decreases.
• D) Equilibrium quantity increases.
• E) Equilibrium quantity decreases.

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Definitions:

Office Visit

An appointment with a healthcare provider at their office for consultation, examination, treatment, or follow-up.

Subcutaneous

Pertaining to under the skin, often referring to a route of medication administration.

Injection

The act of administering a liquid, such as a drug or vaccine, directly into a body tissue, often through a syringe and needle.

Angle

The figure formed by two rays, called the sides of the angle, sharing a common endpoint termed the vertex.