If a Market Is in Equilibrium and Then Demand Increases

question 146

Multiple Choice

If a market is in equilibrium and then demand increases while supply decreases,the change in the equilibrium price is ________ and the change in the equilibrium quantity is _________.

• A) positive;positive
• B) positive;negative
• C) positive;indeterminate
• D) indeterminate;positive
• E) negative;negative

Distinguish between the misconceptions and realities of team effectiveness and member satisfaction.

Understand the importance of gratification and satisfaction in team performance.

Recognize the relevance of team membership characteristics, including the right skills mix and compatibility.

Identify the impact of team size on effective group processes.

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Definitions:

Present Value

A calculation that determines the current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Usury Laws

Regulations governing the amount of interest that can be charged on a loan, intended to prevent lending at excessively high rates.

Nonmarket Rationing

Distribution of goods and services based on criteria other than price, such as need or merit.

Expected Rate of Return

The anticipated amount of profit or loss from an investment, considering the potential risks and rewards.