It Is True That the Equilibrium Quantity Will Always Go

question 118

Multiple Choice

It is true that the equilibrium quantity will always go up if supply:

• A) and demand both increase.
• B) increases and demand decreases.
• C) and demand both decrease.
• D) decreases and demand remains unchanged.

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Definitions:

Economic Exchanges

Transactions involving the transfer of goods, services, or money between parties, forming the basis of economic systems.

Social Structures

The complex framework of societal institutions (like governments, economies, and education systems) and social practices (norms, laws, and roles) that make up a society.

Fetishism of Commodities

A term from Marxist theory describing the way in which the social relationships involved in production are expressed as relationships between commodities, obscuring the labor that went into them.

Economic Exchanges

Transactions that involve the transfer of goods, services, or money between individuals, businesses, or entities within an economic system.