If Both Demand and Supply Increase,then the Equilibrium Price

question 91

Multiple Choice

If both demand and supply increase,then the equilibrium price

• A)and equilibrium quantity increases.
• B)falls but the equilibrium quantity increases.
• C)could either rise or fall,but the equilibrium quantity increases.
• D)rises,and the equilibrium quantity could either increase or decrease.
• E)falls,and the equilibrium quantity could either increase or decrease.

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Definitions:

Social Influence

An interaction process in which one person’s behavior causes another person to change an opinion or to perform an action that he or she would not otherwise do.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something.

Effectiveness

The degree to which objectives are achieved and the extent to which targeted problems are solved, in various contexts including business, therapy, and medicine.

Threats

Expressions or actions that aim to cause harm or force compliance, often used as a means of control or coercion.