If the Demand for a Product Increases and the Supply

question 62

True/False

If the demand for a product increases and the supply of the same product increases, the equilibrium price will increase.

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Definitions:

Social Networking

The use of internet-based platforms to connect, share, and interact with others.

Human Capital Perspective

A viewpoint that considers employees as assets whose value can be enhanced through investment in education, training, and development.

Decentralized

Refers to the distribution of functions, powers, people, or things away from a central location or authority.

Outsourced

The practice of contracting out certain business processes or tasks to external providers rather than handling them internally.