If Demand Rises and Supply Falls,which of the Following Must

question 35

Multiple Choice

If demand rises and supply falls,which of the following must be true?

• A) The equilibrium price will rise.
• B) The equilibrium price will fall.
• C) The equilibrium price will not change.
• D) The change in the equilibrium price is indeterminate.

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Definitions:

Facing Upward

Refers to an attitude or strategy of focusing on higher goals, optimism, or progress.

People-Centered Working Environment

A workplace design that prioritizes the well-being, development, and engagement of employees.

Smooth Running

Ensuring operations, systems, or processes operate effectively and efficiently without disruptions.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees.