Assume Qs Represents the Quantity Supplied at a Given Price

question 74

Multiple Choice

Assume Qs represents the quantity supplied at a given price and Qd represents quantity demanded at a given price.Which of the following market conditions produces an upward movement of the price?

• A)Qs = 10, Qd = 5.
• B)Qs = 5, Qd = 5.
• C)Qs = 5, Qd = 10.
• D)Qs = 5, Qd = 3.

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Definitions:

Minimising Costs

Strategies and practices implemented to reduce expenses and manage financial resources efficiently within an organisation.

Portfolio Planning

A strategic process that involves making investment decisions to balance risk against performance, often in the context of project or product portfolios.

Corporate-Level Strategy

The top-level strategic planning and decision-making that guides the overall direction, scope, and ambitions of a corporation.

Competing Business Opportunities

Different prospects or avenues through which a business can grow or expand in the market, often requiring prioritization and strategic choice.