Suppose That Demand for Tablets Increases, and Simultaneously, the Supply

question 10

Multiple Choice

Suppose that demand for tablets increases, and simultaneously, the supply of tablets increases. Which of the following would you conclude definitely will occur in the market for tablets?

• A)The market clearing price will rise.
• B)The market clearing price will fall.
• C)The equilibrium quantity will rise.
• D)The equilibrium quantity will fall.

---

Definitions:

LMX Theory

Leadership theory that emphasizes the relationships between leaders and individual members, focusing on the dynamics of trust and respect.

High-Quality Exchanges

Interactions between leaders and followers that are characterized by mutual trust, respect, and obligation, leading to enhanced performance.

Out-Group Members

Individuals who are not part of a specific group or community, often perceived as not fitting in or differing from the group's norms or values.

In-Group Members

Individuals within a group who share a strong identity and often receive more support and rewards from the leader.