Suppose There Is an Increase in Both the Supply and Demand

question 43

Multiple Choice

Suppose there is an increase in both the supply and demand for laptops. Further, suppose the supply of laptops increases more than demand for laptops. In the market for laptops, we would expect

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

Understand the role of personal goals (e.g., wealth accumulation) in influencing leadership effectiveness.

Understand the definition, roles, and types of advertising in marketing.

Identify the strengths and weaknesses of advertising as a promotional tool.

Recognize the concept and impact of wasted coverage in advertising.

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Definitions:

Personal Defenses

Legal arguments that an individual can use to avoid enforcement of a contract or document due to personal circumstances, such as fraud, duress, or incapacity.

Restrictive Indorsement

An endorsement on a negotiable instrument (like a check) that limits the way the instrument can be used or further negotiated.

Indorsement Purpose

The reason or intention behind endorsing a document, such as transferring rights or specifying conditions.

Discounts

Reductions in price given to customers, often used as a sales promotion technique.