In the Following Question You Are Asked to Determine, Other

question 310

Multiple Choice

In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrium price (P) of X; and (3) the equilibrium quantity (Q) of X. An increase in the price of a product that is a close substitute for X will

• A) decrease D, increase P, and decrease Q.
• B) increase D, increase P, and decrease Q.
• C) increase D, increase P, and increase Q.
• D) increase D, decrease P, and increase Q.

---

Definitions:

Definitive List

A comprehensive and conclusive list that includes all necessary items or components related to a specific topic or area.

Leadership Traits

Specific characteristics and qualities that are commonly found in effective leaders, such as integrity, determination, and communication skills.

Trait Approach

A perspective in leadership theory that focuses on identifying and analyzing specific qualities and characteristics that differentiate leaders from non-leaders.

Leadership Traits

Specific attributes, qualities, and characteristics of individuals that make them effective leaders.