If Demand Increases While Supply Simultaneously Decreases, Then the Equilibrium

question 143

Multiple Choice

If demand increases while supply simultaneously decreases, then the equilibrium quantity

• A) always increases.
• B) always decreases.
• C) can never change.
• D) none of the above

---

Definitions:

Conceptual Skills

The ability to understand complex ideas and the interconnections between them, crucial for strategic planning and problem solving.

Management Levels

Distinct layers within an organization's hierarchy, each with specific responsibilities ranging from top-level executives to middle managers to front-line supervisors.

Technical Skills

Refer to the abilities and knowledge needed to perform specific tasks related to computing, engineering, science, or related fields, often requiring understanding of complex systems or procedures.

Conceptual Skills

The ability to understand complex ideas and concepts, often used to solve problems and make strategic decisions.