Given a Positively Sloped Supply Curve,a Rise in the Demand

question 37

Multiple Choice

Given a positively sloped supply curve,a rise in the demand for that commodity causes

• A)a shortage of other goods.
• B)a fall in sales of that commodity.
• C)an increase in both the equilibrium price and the equilibrium quantity exchanged.
• D)a decrease in the equilibrium price and an increase in the equilibrium quantity exchanged.
• E)a decrease in both the equilibrium price and the equilibrium quantity exchanged.

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Definitions:

Performance Deficiencies

Shortcomings or gaps in an individual's or organization's ability to perform at the expected level.

Managerial Responsibility

The obligation of managers to make decisions and take actions that aim to achieve the organization's goals.

Trust

The firm belief in the reliability, truth, ability, or strength of someone or something.

Performance Problem

Issues related to the efficiency or quality of work conducted by an individual or group within an organization.