If Both Demand and Supply Rise,which of the Following Must

question 28

Multiple Choice

If both demand and supply rise,which of the following must be true?

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

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Definitions:

United Nations Framework Convention

An international treaty designed to address complex global issues through the establishment of a legally binding agreement among nations, such as the United Nations Framework Convention on Climate Change.

Climate Change

The long-term alteration of temperature and typical weather patterns in a place, largely driven by human activities such as burning fossil fuels.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a loan.

Contaminated Land

Areas of land polluted by hazardous substances which pose risks to health or the environment.