If Supply Is Upward Sloping,an Increase in Demand with No

question 233

Multiple Choice

If supply is upward sloping,an increase in demand with no change in supply will lead to a(n) _____ in equilibrium quantity and a(n) _____ in equilibrium price.

• A)increase;increase
• B)increase;decrease
• C)decrease;increase
• D)decrease;decrease

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Definitions:

Mental Locks

Psychological barriers or self-imposed limitations that prevent individuals from thinking creatively or achieving their full potential.

Being Practical

Focusing on realistic and sensible approaches to solving problems or making decisions.

Big "C" Creativity

Refers to groundbreaking or transformative innovations and ideas that significantly impact a field or society as a whole, as opposed to everyday creative solutions.

Little c

Refers to 'little creativity' which indicates everyday problem-solving and innovative thinking that anyone can exhibit, as opposed to 'big creativity' seen in groundbreaking achievements.