In Year 1 the Price of Good X Is $10

question 82

Multiple Choice

In year 1 the price of good X is $10 and 100 units are bought and sold. In year 2 the price of good X is $13 and 230 units are bought and sold. What of the following could explain this?

• A)The supply of good X was higher in year 2 than in year 1 and the demand for good X was the same in year 2 as in year 1.
• B)The demand for good X was higher in year 2 than in year 1 and the supply of good X was the same in year 2 as in year 1.
• C)Both the demand for, and supply of, good X were lower in year 2 than in year 1.
• D)The demand for X was lower in year 2 than in year 1 and the supply of good X was the same in year 2 as in year 1.

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Definitions:

Direct Approach

A communication structure that begins with the primary concept, like a suggestion, verdict, or appeal, and is then supported by subsequent evidence.

Bad News

Information that is unwelcome, disappointing, or negative, often requiring careful communication to mitigate its impact.

Parenthetical Expression

An additional piece of information inserted into a sentence as a non-essential element, often marked by parentheses.

Indirect Approach

A communication strategy where the main point is not stated directly at the beginning but is hinted at or presented later in the message.