If Demand and Supply Both Increase

question 284

Multiple Choice

If demand and supply both increase

• A) the equilibrium quantity definitely will increase and market clearing price definitely will decrease.
• B) the equilibrium quantity definitely will increase and market clearing price definitely will increase.
• C) the equilibrium quantity definitely will increase but the change in market clearing price cannot be determined without more information.
• D) market clearing price definitely will increase but the change in the equilibrium quantity cannot be determined without further information.

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Definitions:

MBTI

MBTI, or Myers-Briggs Type Indicator, is a psychometric assessment designed to measure psychological preferences in how people perceive the world and make decisions.

Self-Awareness

The awareness of one's own personality, emotions, motivations, and wishes.

Individual Differences

Variations among people in their thinking, emotion, personality, and behavior.

Different Personalities

Refers to the range of distinct character traits and behaviors that differentiate one individual from another.