An Increase in Demand Combined with No Change in Supply

question 446

Multiple Choice

An increase in demand combined with no change in supply

• A) raises the equilibrium price.
• B) lowers the equilibrium price.
• C) results in only a movement rightward along the demand curve.
• D) decreases demand because the supply curve does not shift.

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Definitions:

Online Retailers

Businesses that sell goods or services to consumers through the internet, without a physical storefront.

Private-label Brand

Products manufactured by one company but sold under another company's brand, often positioned as lower-cost alternatives to national brands.

Place

In marketing, refers to the distribution aspect of the marketing mix that determines how products get to the consumer.

Customer Service

The assistance and advice provided by a company to those people who buy or use its products or services.