Which of the Following Definitely Results in a Product's Equilibrium

question 34

Multiple Choice

Which of the following definitely results in a product's equilibrium price rising?

• A) an increase in both demand and supply
• B) a decrease in both demand and supply
• C) an increase in demand combined with a decrease in supply
• D) a decrease in demand combined with an increase in supply
• E) an increase in the supply combined with no change in the demand

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Definitions:

Overburdened

Experiencing excessive stress or demands that surpass an individual's or system's capacity to cope effectively.

Celebrated

Widely recognized and praised for a particular achievement, skill, or quality.

Human Capital

The skills, knowledge, and experiences possessed by an individual that can be used to produce economic value.

Skills

The abilities and expertise that individuals acquire through learning and experience, which enable them to perform tasks effectively.