Which One of the Following Correctly Describes How Price Adjustment

question 108

Multiple Choice

Which one of the following correctly describes how price adjustment eliminates a shortage?

• A)As the price rises,the quantity demanded decreases and the quantity supplied increases.
• B)As the price rises,the quantity demanded increases and the quantity supplied decreases.
• C)As the price falls,the quantity demanded decreases and the quantity supplied increases.
• D)As the price falls,the quantity demanded increases and the quantity supplied decreases.
• E)As the price falls,the quantity demanded increases and the quantity supplied increases.

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Definitions:

Imperial

Pertaining to an empire or the rule of an emperor, often characterized by the extension of a country's power and influence through colonization, use of military force, or other means.

Leader

A leader is a person who guides or directs others, often characterized by the ability to motivate, influence, and make decisions for the betterment of a group or organization.

Farsighted

The ability to anticipate and consider future trends, impacts, or results in decision-making and planning.

American Managers

Individuals in the United States who are responsible for directing and overseeing the operations and employees within an organization, characterized by a particular style influenced by American culture and business practices.