When Demand Increases, the Equilibrium Price ________ and the Equilibrium

question 40

Multiple Choice

When demand increases, the equilibrium price ________ and the equilibrium quantity ________.

• A) rises; decreases
• B) falls; decreases
• C) rises; increases
• D) falls; increases

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Definitions:

Intermediation Revenue Model

A business model where revenue is generated by facilitating transactions between two or more parties.

Real Estate Brokers

Professionals licensed to arrange real estate transactions, negotiating deals between buyers and sellers, often representing one of the parties.

Income Statement

A financial statement that reports a company's revenues, expenses, and profits over a specific period of time.

Operating Costs

Expenses associated with the routine functioning of a business or system.