When Supply and Demand Both Increase, the

question 384

Multiple Choice

When supply and demand both increase, the

• A) quantity definitely decreases.
• B) quantity definitely increases.
• C) price definitely increases.
• D) price definitely decreases.

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Definitions:

Borrowing

The act of receiving something from someone with the intention of returning it or its equivalent later.

Decimals

Numerical symbols used in the decimal system, involving a point that separates the whole number from the fractional part.

Household Measurement

A system of units used in cooking and for other household tasks, such as cups, tablespoons, and teaspoons.

Apothecary Unit

Historical term referring to a system of measurement used by pharmacists to prepare, mix, and dispense medicinal drugs, now largely replaced by the metric system.