Which of the Following Statements Is True

question 55

Multiple Choice

Which of the following statements is true?

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

---

Definitions:

Social Stigma

The disapproval and discrimination against individuals or groups based on perceivable social characteristics that serve to distinguish them from other members of a society.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or gender.

DSM-5

The 5th edition of the Diagnostic and Statistical Manual of Mental Disorders, published by the American Psychiatric Association, serving as a principal authority for psychiatric diagnoses.

DSM-IV

DSM-IV, or the Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, is a manual published by the American Psychiatric Association that classifies mental disorders based on specific criteria.