An Increase in Demand with No Change in Supply Will

question 113

Multiple Choice

An increase in demand with no change in supply will lead to _____ in equilibrium quantity and _____ in equilibrium price.

• A)an increase; an increase
• B)an increase; a decrease
• C)a decrease; an increase
• D)a decrease; a decrease

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Definitions:

Object Of Thought

The content or subject matter that is being considered or mentally represented by an individual.

Obedience

The act of following orders or directives from an authority figure or set of rules, often studied in psychology.

Innocent Stranger

A person who is not involved in a situation or event and has no knowledge or guilt regarding it.

Run-Down Building

A structure in poor condition due to neglect, age, or disuse, often requiring significant repair or renovation.