Which of the Following Would Cause an Increase in the Equilibrium

question 87

Multiple Choice

Which of the following would cause an increase in the equilibrium price and a decrease in the equilibrium quantity of watermelon?

• A)a decrease in demand and an increase in supply
• B)a decrease in supply
• C)an increase in demand and an increase in supply greater than the increase in demand
• D)an increase in demand and an increase in supply

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Definitions:

Herbert Simon

was an American economist and cognitive psychologist known for his contributions to decision-making theory and artificial intelligence.

Nobel Laureate

An individual who has been awarded the Nobel Prize, recognizing outstanding contributions to humanity in fields such as literature, peace, economics, medicine, and science.

Cross-Association

A connection or correlation between two or more variables or entities from different contexts or domains.

Capital Markets

Financial markets where long-term debt or equity-backed securities are bought and sold.