When Demand Increases, the Equilibrium Price _ and the Equilibrium

question 383

Multiple Choice

When demand increases, the equilibrium price _ and the equilibrium quantity _.

• A) falls; decreases
• B) falls; increases
• C) rises; decreases
• D) rises; increases

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The quality of being correct or precise.

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The concept that outcomes or events cannot be predicted with certainty due to the random nature of certain processes, often used in scientific research and statistical analysis.

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The process of conducting surveys to collect public opinion or predict the outcome of an election.

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An amendment to the U.S. Constitution that grants citizenship to all persons born or naturalized in the United States, including former slaves, and guarantees all citizens "equal protection of the laws."