An Increase in Demand Combined with No Change in Supply

question 102

Multiple Choice

An increase in demand combined with no change in supply

• A) decreases demand because the supply curve does not shift.
• B) raises the equilibrium price.
• C) lowers the equilibrium price.
• D) results in only a movement rightward along the demand curve.

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Definitions:

Minimum Lease Payments

The lowest total amount that a lessee is required to pay over the lease term, including both the principal and interest components.

Investment Property

Real estate property acquired to earn rental income, capital appreciation, or both, rather than for use in operations or as inventory.

Lease Revenue Recognition

The process of recognizing income earned from leasing out assets over the lease term.

Lease Liability

An obligation representing the present value of lease payments due over the lease term by the lessee.