When Demand Increases, the Equilibrium Price _ _ and the Equilibrium

question 54

Multiple Choice

When demand increases, the equilibrium price _ _ and the equilibrium quantity _ _.

• A)rises; decreases
• B)falls; increases
• C)rises; increases
• D)falls; decreases

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Definitions:

Sustainable Development

The use of environmental resources to support society’s needs today, while also preserving and protecting them for use by future generations.

Technology Transfer

The process of sharing or disseminating technology between different organizations, or within parts of the same organization.

Host Countries

Nations that welcome foreign entities, such as businesses, tourists, or immigrants, to reside, operate or participate in local activities.

Foreign Corrupt Practices Act

The Foreign Corrupt Practices Act is a United States law that prohibits companies and their representatives from bribing foreign officials to obtain or retain business.