Which of the Following Definitely Results in a Product's Equilibrium

question 34

Multiple Choice

Which of the following definitely results in a product's equilibrium price rising?

• A) an increase in both demand and supply
• B) a decrease in both demand and supply
• C) an increase in demand combined with a decrease in supply
• D) a decrease in demand combined with an increase in supply
• E) an increase in the supply combined with no change in the demand

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Definitions:

Lack of Responsibility

A situation or condition where individuals or groups fail to be accountable for their actions or duties, potentially leading to negative outcomes.

Warning

An alert or notification about potential danger, risks, or undesirable outcomes, intended to prompt preventative action.

High-Level Position

A role or job that is of significant importance or hierarchy within an organization, often involving leadership responsibilities and strategic decision-making.

Prestige

Refers to the high standing or respect gained by accomplishments, influence, or wealth in society or a specific field.