If There Is an Increase in Both the Supply and Demand

question 2

Multiple Choice

If there is an increase in both the supply and demand for a good, which of the following will definitely occur?

• A) The price of the good will increase.
• B) The price of the good will decrease.
• C) The equilibrium quantity will increase.
• D) The equilibrium quantity will decrease.

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Definitions:

Social People

Individuals who exhibit a high degree of sociability, enjoying being with others and participating in social activities.

Tactful

The ability to communicate and act in a way that considers other people's feelings and reactions, often to avoid offense or conflict.

Effective Delegation

The skill of assigning tasks or responsibilities to others in a way that maximizes efficiency, development, and outcomes.

Development Tool

Resources or instruments utilized to facilitate personal, organizational, or technological growth and improvement.