If Demand Increases While Supply Decreases, Then the Equilibrium Price

question 252

Multiple Choice

If demand increases while supply decreases, then the equilibrium price

• A) always increases.
• B) always decreases.
• C) may increase, decrease, or stay the same.
• D) never changes.

---

Definitions:

Promotion Rates

The frequency or likelihood of individuals advancing to higher positions or levels within an organizational hierarchy.

Academic Self-Concept

An individual's perception of their own academic abilities and competencies.

Relative Deprivation

The experience of feeling deprived of something to which one believes they are entitled, compared to others.

Academically Advanced

Referring to students or individuals who exhibit higher learning abilities or achievements than typically expected for their age or grade level.