Figure: Supply and Demand 2 What Happens as a Result

question 125

Multiple Choice

Figure: Supply and Demand 2 What happens as a result of the change in demand in the diagram?

• A) a decrease in both the equilibrium price and the equilibrium quantity
• B) an increase in both the equilibrium price and the equilibrium quantity
• C) an increase in the equilibrium price and a decrease in the equilibrium quantity
• D) a decrease in the equilibrium price and an increase in the equilibrium quantity

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Definitions:

Communicating

The process of conveying information or expressing thoughts and feelings through verbal or non-verbal means.

Nature of the Business

The fundamental characteristics and operations that define a company's core activities and purposes.

Poor Communication

Refers to the ineffective transfer or exchange of information, ideas, or feelings between individuals or groups, often leading to misunderstandings or conflicts.

Monetarily

Related to money or financial transactions.