Which of the Following Statements Is True

question 178

Multiple Choice

Which of the following statements is true?

• A)An increase in demand causes a change in equilibrium price; the change in price does not cause a further change in demand or supply.
• B)A decrease in supply causes equilibrium price to rise; the increase in price then results in a decrease in demand.
• C)If both demand and supply increase there must be an increase in equilibrium price; equilibrium quantity may either increase or decrease.
• D)If demand decreases and supply increases one cannot determine if equilibrium price will increase or decrease without knowing which change is greater.

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Definitions:

Littoral Zone

The part of a sea, lake, or river that is close to the shore, where sunlight penetrates all the way to the sediment allowing aquatic plants to grow.

Limnetic Zone

The open and well-lit area of a freestanding body of freshwater, such as a lake or pond, away from the shore.

Benthic Zone

The environmental zone found at the bottom of water bodies like oceans or lakes, encompassing the surface of the sediment and several layers beneath it.

Organic Matter

Material derived from living organisms, including plants, animals, and their by-products, essential for soil fertility and ecosystem function.