Which of the Following Would Result in an Increase in Equilibrium

question 137

Multiple Choice

Which of the following would result in an increase in equilibrium price and an ambiguous change in equilibrium quantity?

• A) an increase in supply and demand
• B) an increase in supply and a decrease in demand
• C) a decrease in supply and an increase in demand
• D) a decrease in supply and demand

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Definitions:

Instrumental Values

Values that reflect the ways you prefer to behave leading toward larger life goals.

Terminal Values

End goals or desired states that individuals strive to achieve, guiding their behavior and decision-making.

Priority

The fact or condition of being regarded or treated as more important than others.

Healthy Self-Esteem

A positive assessment of one’s own worth, capabilities, and significance, which contributes to mental well-being and life satisfaction.