An Increase in Demand Coupled with a Decrease in Supply

question 110

Multiple Choice

An increase in demand coupled with a decrease in supply results in a(n)

• A) increase in equilibrium price and an ambiguous effect on equilibrium quantity
• B) increase in equilibrium quantity and a decrease in equilibrium price
• C) decrease in equilibrium quantity and an ambiguous effect on equilibrium price
• D) surplus
• E) decrease in the equilibrium price and quantity

---

Definitions:

Professional Behavior

Conduct or actions that are deemed appropriate and ethical in a professional setting.

Teamwork

The collaborative effort of a group to achieve a common goal or complete a task in the most effective and efficient way.

Primary Job

The main occupation or role that a person holds, usually the source of most of their income.

Professionalism

The conduct, aims, or qualities that characterize or mark a profession or professional person; it embodies a standard of behavior and knowledge expected from individuals in a specific field.