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.

---

Definitions:

Written Offer

A formal proposal presented in written form by one party to another, stipulating the terms under which the offeror is willing to engage in a contract.

Sold

The act of transferring ownership of an item or service from one party to another in exchange for money or other compensation.

Clickwrap Agreement

A digital contract that requires users to agree to terms and conditions by clicking a button or checking a box before proceeding with the use of service or software.

Online Agreement

A contract entered into electronically via the internet, covering terms and conditions related to the use of websites or online services.