When Supply and Demand Both Increase, the

question 281

Multiple Choice

When supply and demand both increase, the

• A) quantity definitely decreases.
• B) price definitely increases.
• C) quantity definitely increases.
• D) price definitely decreases.

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Definitions:

Double Taxation

The financial imposition where income taxes are paid twice on the same source of earned income, often in the context of corporate profits taxed both at the corporate level and again when distributed as dividends.

Independent Contractors

Workers who provide services to a business under terms specified in a contract, rather than as employees.

Licensing

A process where a company allows another to use its intellectual property or technology in exchange for a fee or royalty.

Royalties

A share of the income of a business paid by a franchisee to the franchisor.