An Increase in Demand Causes Equilibrium Price and Quantity to Rise

question 147

True/False

An increase in demand causes equilibrium price and quantity to rise, other things constant.

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Definitions:

Conscientiousness

An attribute defined by the qualities of being structured, dependable, and possessing a significant commitment to duty.

Agreeableness

A personality trait characterized by warmth, kindness, empathy, and a willingness to cooperate with others.

Drug Abuse

The habitual taking of addictive or illegal drugs that leads to a variety of negative social, psychological, and physical outcomes.

Trait

A characteristic or quality of an individual that is considered to be relatively stable and enduring.