If There Is an Increase in Both the Supply and Demand

question 2

Multiple Choice

If there is an increase in both the supply and demand for a good, which of the following will definitely occur?

• A) The price of the good will increase.
• B) The price of the good will decrease.
• C) The equilibrium quantity will increase.
• D) The equilibrium quantity will decrease.

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Definitions:

Nonvolatile

Describes a type of memory or storage that retains data even when power is turned off, opposite to volatile memory which loses its content when power is lost.

Electrical Noise

Unwanted disturbances superimposed on a useful electrical signal, often leading to errors in the information being transmitted.

Operating Errors

Operating errors are mistakes or faults that occur during the operation of a system or machine, often leading to incorrect results or malfunction.

Processor

The central part of a computer or other digital systems that performs the instructions of a computer program by carrying out the basic arithmetic, control, and input/output operations.