The Equilibrium Quantity of a Good Will Increase and Its

question 383

Multiple Choice

The equilibrium quantity of a good will increase and its equilibrium price might rise, fall, or stay the same when

• A) its demand and supply both increase.
• B) its demand increases and supply decreases.
• C) its demand decreases and supply increases.
• D) its demand and supply both decrease.

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Definitions:

Brainworkers

Individuals engaged in mental or intellectual labor, as opposed to manual labor, often involving creative, analytical, or technical activities.

Federal Troops

Military forces deployed by the federal government of a nation, often used for maintaining security, defense, and order, including during times of civil unrest.

Break Down Strikes

The act of forcibly ending or undermining strikes, often through legal, political, or physical means, typically by employers or government authorities.

American President

The head of state and government of the United States of America, elected to a four-year term and responsible for the execution of federal laws and the administration of national policies.