Equilibrium Price Must Increase When Demand

question 78

Multiple Choice

Equilibrium price must increase when demand

• A)increases and supply does not change,when demand does not change and supply decreases,and when demand decreases and supply increases simultaneously.
• B)increases and supply does not change,when demand does not change and supply decreases,and when demand increases and supply decreases simultaneously.
• C)decreases and supply does not change,when demand does not change and supply increases,and when demand decreases and supply increases simultaneously.
• D)decreases and supply does not change,when demand does not change and supply increases,and when demand increases and supply decreases simultaneously.

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Definitions:

Warehouse Receipts

Documents issued by warehouse operators certifying the possession and storage of specified goods.

Bills of Lading

Official documents issued by a carrier to acknowledge the receipt of cargo for shipment.

Accession

A method of acquiring property rights by adding value to personal property through labor or new materials.

Speakers

Devices designed to produce audio output from an electronic device.