Which of the Following Always Raises the Equilibrium Price

question 237

Multiple Choice

Which of the following always raises the equilibrium price?

• A) an increase in both demand and supply
• B) a decrease in both demand and supply
• C) an increase in demand combined with a decrease in supply
• D) a decrease in demand combined with an increase in supply

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Definitions:

Accommodate

In cognitive psychology, to modify existing cognitive schemas, perceptions, or understandings to incorporate new information.

Formal Operations

The final stage in Piaget's theory of cognitive development, characterized by the ability to think abstractly, logically, and systematically.

Hypothetical Thinking

The process of exploring and considering possibilities or scenarios that are not real but are imagined for the purpose of discussion or problem-solving.

Scaffolding

An educational approach involving structured support to help learners progress beyond their current level of ability.