If the Demand for a Product Increases and the Supply

question 73

True/False

If the demand for a product increases and the supply of the same product decreases,the equilibrium price will increase.

---

Definitions:

Written Contracts

Formal agreements documented in writing that specify the terms and obligations between parties.

Pressured

Feeling subjected to persistent urgency or stress, often from external demands or expectations.

Objectives

Specific, measurable goals set to accomplish a task or achieve a project’s outcomes.

Success Measured

The process of evaluating the effectiveness or outcomes of a project, program, or individual efforts, often through specific indicators or benchmarks.