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:

Net Sales

The residual income from sales once deductions for returns, allowances for impaired or absent merchandise, and markdowns are made.

Credit Terms

Conditions under which credit is extended by a lender to a borrower, including the repayment schedule, interest rate, and due dates.

Invoice

A document issued by a seller to a buyer that lists the products or services sold, their quantities, and the prices charged.

Supplier

A supplier is an entity or person that provides products or services to another business, often a key component in the supply chain of manufacturing and retail operations.