Question
After the September 11, 2001 terrorist attacks, many Americanswanted to show their patriotism by displaying the American flag.How did this increased desire to express patriotism influence themarket for American flags during the months following theattacks? A. an increase in the demand for Americanflags that resulted in a higher price for flags and a largerequilibrium quantity bought and sold B. a decrease in the demand for Americanflags that resulted in a lower price for flags and a smallerequilibrium quantity bought and sold C. an increase in the supply of Americanflags that resulted in a lower price for flags and a largerequilibrium quantity bought and sold D. a decrease in the supply of Americanflags that resulted in a higher price for flags and a smallerequilibrium quantity bought and sold After the September 11, 2001 terrorist attacks, many Americanswanted to show their patriotism by displaying the American flag.How did this increased desire to express patriotism influence themarket for American flags during the months following theattacks? A. an increase in the demand for Americanflags that resulted in a higher price for flags and a largerequilibrium quantity bought and sold B. a decrease in the demand for Americanflags that resulted in a lower price for flags and a smallerequilibrium quantity bought and sold C. an increase in the supply of Americanflags that resulted in a lower price for flags and a largerequilibrium quantity bought and sold D. a decrease in the supply of Americanflags that resulted in a higher price for flags and a smallerequilibrium quantity bought and sold A. an increase in the demand for Americanflags that resulted in a higher price for flags and a largerequilibrium quantity bought and sold B. a decrease in the demand for Americanflags that resulted in a lower price for flags and a smallerequilibrium quantity bought and sold C. an increase in the supply of Americanflags that resulted in a lower price for flags and a largerequilibrium quantity bought and sold D. a decrease in the supply of Americanflags that resulted in a higher price for flags and a smallerequilibrium quantity bought and sold
Explanation / Answer
A. an increase in the demand for American flags that resulted ina higher price for flags and a larger equilibrium quantity boughtand sold More people wanted more flags thus a demand factor thusincrease demand which lead to higher prices and supply A. an increase in the demand for American flags that resulted ina higher price for flags and a larger equilibrium quantity boughtand sold