Which of the Following Always Raises the Equilibrium Price

question 237

Multiple Choice

Which of the following always raises the equilibrium price?

• 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

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Definitions:

Supplemental Schedules

Additional financial documents provided alongside the main financial statements, offering greater detail or breakdown of information.

Staffing Budget

A financial plan that outlines the funds allocated for hiring and compensating employees.

Service Demands

The consumer's need or desire for services, which can vary based on factors like time, location, and quality preferences.

Capital Expenditures Budget

A budget that outlines planned investments in fixed assets, such as property, plant, and equipment, which are expected to provide benefits over multiple periods.