An Increase in Supply Will Cause

question 187

Multiple Choice

An increase in supply will cause

• A) an increase in demand.
• B) a decrease in demand.
• C) an increase in quantity demanded.
• D) a decrease in quantity demanded.
• E) an increase in equilibrium price.

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Definitions:

Outside Evidence

Information or data that comes from external sources, used to support arguments or conclusions.

Feasibility Report

A document that assesses the practicality of a proposed plan or project, evaluating its potential for success.

Important Decision

A significant choice or judgment that can have a considerable impact on an individual's life or an organization's direction.

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A document that investigates and identifies the reasons behind a product or process failing to meet its objectives.