-An Increase in Supply Will Have What Effect on Equilibrium

question 195

Multiple Choice

-An increase in supply will have what effect on equilibrium price and quantity?

• A)Price will increase; quantity will decrease.
• B)Price will decrease; quantity will increase.
• C)Both price and quantity will increase.
• D)Both price and quantity will decrease.

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Definitions:

Workforce Utilization Review

An analysis process focused on how effectively an organization uses its employees and their skills.

Capacity Utilization Analysis

The measurement of the extent to which an enterprise or a nation makes use of its installed productive capacity.

Temporary Employees

Workers who are hired on a non-permanent basis, typically to fill short-term needs of the employing organization.

Technological Innovation

The process of developing and introducing new technologies or improving existing ones to solve problems or enhance capabilities.