Suppose Improvements in Technology Cause the Supply of Natural Gas

question 60

Multiple Choice

Suppose improvements in technology cause the supply of natural gas to increase and at the same time the demand for natural gas increases.What are we sure of?

• A) Both equilibrium price and quantity increase.
• B) Equilibrium price increases.
• C) Equilibrium price decreases.
• D) Equilibrium quantity increases.
• E) Equilibrium quantity decreases.

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Definitions:

Building Trust

The process of developing confidence and reliability in relationships, characterized by honesty, integrity, and transparency.

Implicit Leadership Theory

The concept that people have preconceived notions about what characteristics and behaviors an ideal leader should possess.

Leadership Prototypes

Preconceived beliefs or expectations about the traits, behaviors, and qualities that characterize effective leaders.

Charismatic Leadership

A leadership style characterized by an individual's ability to inspire and motivate followers through their personality and actions.