It Is Certain That the Equilibrium Price Will Fall When

question 98

Multiple Choice

It is certain that the equilibrium price will fall when:

• A)the supply curve and the demand curve both shift to the right.
• B)the supply curve shifts to the right and the demand curve shifts to the left.
• C)supply and demand both increase.
• D)supply decreases and demand stays the same.

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Definitions:

Coordinated

Actions or efforts that are managed in such a way as to ensure efficiency and harmony in achieving a goal.

Effective Control

The process or system put in place to guide activities towards achieving organizational goals efficiently and effectively.

Internal

Occurring or existing within an organization or entity.

External Control

The belief or perception that one's successes or failures result from external forces or the influence of others, rather than one's own efforts.