An Increase in Demand and a Decrease in Supply Will

question 192

Multiple Choice

An increase in demand and a decrease in supply will lead to _____ in equilibrium quantity and _____ in equilibrium price.

• A)a decrease; a decrease
• B)an indeterminate change; an increase
• C)an indeterminate change; a decrease
• D)an increase; an indeterminate change

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Definitions:

Brand Awareness

The extent to which consumers are familiar with the qualities or image of a particular brand of goods or services.

Organizational Functions

The various roles, tasks, and responsibilities within an organization that are essential for its operation and achievement of its objectives.

Organizational Synergy

The increased efficiency or performance resulting from two or more entities working together within an organization.

Task Segmentation

The breaking down of a job or project into smaller, more manageable components or units for easier completion.