Which of the Following Always Raises the Equilibrium Price

question 82

Multiple Choice

Which of the following always raises the equilibrium price?

• A)An increase in both demand and supply
• B)An increase in demand combined with a decrease in supply
• C)A decrease in both demand and supply
• D)A decrease in demand combined with an increase in supply

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Definitions:

Transparencies

refer to clear sheets used for projecting images onto a screen, typically via an overhead projector, often used in educational settings.

Means-End Analysis

A problem-solving method that involves breaking down the problem into smaller problems, solving them, and integrating their solutions to reach the end goal.

Availability Heuristic

A mental shortcut used to estimate the likelihood of events based on their ease of retrieval from memory, which can sometimes lead to biases.

Means-End Analysis

A problem-solving strategy that involves breaking down a problem into smaller parts and addressing each part to reach the ultimate goal.