Which of the Following Would Cause an Unambiguous Increase in the Equilibrium

question 57

Multiple Choice

Which of the following would cause an unambiguous increase in the equilibrium price in a market?

• A)a rightward shift in supply and a rightward shift in demand.
• B)a rightward shift in supply and a leftward shift in demand.
• C)a leftward shift in supply and a rightward shift in demand.
• D)a leftward shift in supply and a leftward shift in demand.

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Definitions:

Scanner

A device that converts physical documents into digital format, or in retail, a tool used to read barcodes and pricing information.

Requesting More Information

The act of seeking additional details or clarification about a topic, product, or situation to make informed decisions or deepen understanding.

Objections

Concerns or reasons given by a potential customer that could hinder them from completing a purchase.

Conditions

Refers to the specific circumstances or requirements attached to something, such as a deal, agreement, or offer.