If the Supply Curve Does Not Shift,an Increase in Demand

question 133

Multiple Choice

If the supply curve does not shift,an increase in demand results in a(n)

• A) increase in equilibrium price and a decrease in equilibrium quantity
• B) decrease in equilibrium price and a decrease in equilibrium quantity
• C) increase in equilibrium price and an increase in equilibrium quantity
• D) decrease in equilibrium price and an increase in equilibrium quantity
• E) increase in supply

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Definitions:

Return on Assets

A financial ratio that indicates how profitable a company is relative to its total assets, measuring efficiency in using assets to generate earnings.

Annual Sales

The total revenue a company generates from its operations over the course of a single fiscal year.

Total Debt

The sum of all liabilities and obligations owed by an entity, both short-term and long-term.

Total Equity

The total net value of a company, calculated by subtracting total liabilities from total assets, representing the owners' claim on company assets.