An Increase in Demand Will Cause an Increase in Price

question 236

True/False

An increase in demand will cause an increase in price, which will cause an increase in quantity supplied.

---

Definitions:

Multichannel Marketing

The practice of using multiple platforms, such as online, in-store, or catalog, to market products or services to consumers.

Traditional Delivery

This term refers to conventional methods of delivering goods or services, such as mail or in-person services, as opposed to digital or automated solutions.

Electronic Marketing

Utilizing digital platforms and technologies to promote products, services, or brands to potential customers.

Industrial Distributor

A business that purchases goods directly from manufacturers and sells them to companies, usually in large quantities for industrial use.