Which of the Following Statements Is True

question 10

Multiple Choice

Which of the following statements is true?

• A)A decrease in demand causes a decrease in the equilibrium price; the decrease in price causes supply to decrease.
• B)A decrease in demand causes the equilibrium price to fall; the decrease in price then results in a decrease in quantity supplied.
• C)If both demand and supply increase,there must be an increase in the equilibrium price; equilibrium quantity may either increase or decrease.
• D)If demand decreases and supply increases one cannot determine if the equilibrium price will increase or decrease without knowing which change is greater.

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Definitions:

Capital Stock

The total amount of physical goods or capital assets that are available for use in the production of goods and services.

Market Value

The present cost for purchasing or selling an asset or service in the market.

International HRM

The process of managing and directing human resources across international boundaries, focusing on global employment strategies and standards.

Programs Creation

The process of developing and implementing structured sets of activities designed to achieve specific objectives.