Which of the Following Would Cause an Increase in the Equilibrium

question 55

Multiple Choice

Which of the following would cause an increase in the equilibrium price and an increase in the equilibrium quantity of watermelons?

• A)an increase in demand and an increase in supply
• B)an increase in supply
• C)an increase in supply and an increase in demand greater than the increase in supply
• D)a decrease in demand and an increase in supply

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Definitions:

Self-Control

The ability of an individual to regulate their emotions, thoughts, and behavior in face of temptations and impulses.

Position Power

The authority and influence a person possesses within an organization due to the role or position they hold.

Legitimate

Conforming to established laws, rules, or standards, often carrying the implication of being justified or official.

Coercive

Relating to or using force or threats to persuade someone to do something or to achieve compliance.