Suppose There Is an Increase in Both the Supply and Demand

question 5

Multiple Choice

Suppose there is an increase in both the supply and demand for laptops. In the market for laptops, we would expect

• A) the equilibrium quantity to rise and the equilibrium price to rise.
• B) the equilibrium quantity to rise and the equilibrium price to fall.
• C) the equilibrium quantity to rise and the equilibrium price to remain constant.
• D) the change in the equilibrium quantity to be ambiguous and the equilibrium price to rise.
• E) the equilibrium quantity to rise and the change in the equilibrium price to be ambiguous.

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Definitions:

Authority

The authority or capability to make decisions, issue commands, and ensure compliance.

Chaos

A state of extreme confusion and disorder, where there is little to no predictability or control.

Strategic Leaders

Individuals who have the responsibility of guiding an organization towards achieving its long-term goals and objectives.

Visionary Abilities

The capacity to foresee future trends, challenges, and opportunities, enabling leaders to steer organizations effectively towards long-term goals.