Which of the Following Events Must Cause Equilibrium Quantity to Rise

question 106

Multiple Choice

Which of the following events must cause equilibrium quantity to rise?

• A)demand increases and supply decreases
• B)demand and supply both decrease
• C)demand decreases and supply increases
• D)demand and supply both increase

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Definitions:

Overconfidence

A cognitive bias where an individual's subjective confidence in their judgments is greater than their objective accuracy.

Return on Investment

A financial metric used to evaluate the efficiency or profitability of an investment, calculated as the net gain from an investment relative to its cost.

Nonprogrammed Decision

A decision made in response to an unusual, unpredictable, and unique problem or opportunity, often requiring creative solutions.

Ratify

To formally approve or adopt an agreement or treaty, often after negotiation or deliberation.