Which of the Following Always Results in an Increase in Equilibrium

question 201

Multiple Choice

Which of the following always results in an increase in equilibrium price and quantity?

• A) an increase in supply and a decrease in demand
• B) an increase in demand with no change in supply
• C) an increase in supply with no change in demand
• D) all of the above

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Definitions:

Main Purpose

The primary aim or objective intended to be achieved by a plan, action, or project.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision; it represents the benefits that could have been received but were given up to take another course of action.

Medium Of Exchange

A device or mechanism designed to assist in the buying, selling, or exchanging of products among individuals or groups.

American Dollar

The official currency of the United States, also known as the USD or US Dollar.