It Is Certain That the Equilibrium Price Will Rise When

question 166

Essay

It is certain that the equilibrium price will rise when:
A.the supply curve and the demand curve both shift to the right.
B.the supply curve shifts to the right and the demand curve shifts to the left.
C.supply and demand both shift to the left.
D.the supply curve shifts to the left and the demand curve shifts to the right.

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Definitions:

Power Distance

The extent to which less powerful members of organizations and institutions accept and expect power to be distributed unequally.

Assertiveness

The quality of being self-assured and confident without being aggressive, allowing for clear and respectful communication of one's opinions and needs.

Collectivism

A cultural value that prioritizes group goals over individual goals and emphasizes the importance of cohesion within social groups.

Uncertainty Avoidance

A cultural or individual preference for clear procedures and rules as a way to reduce the unpredictability of future events.