When Both the Demand for a Good Increases and the Supply

question 311

True/False

When both the demand for a good increases and the supply of the good increases, the equilibrium quantity definitely increases.

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Definitions:

Ethics

The branch of philosophy that deals with moral principles, governing a person's behavior or conducting an activity.

Motivation

The psychological factors that drive a person to action or to pursue goals.

Aristotelian Approach

A philosophical methodology based on the teachings of Aristotle, focusing on the concrete and particular, emphasizing purpose, and considering the ethical implications of actions.

Inherent Human Nature

Fundamental characteristics and instincts common to all humans.