Consider a Market That Is in Equilibrium

question 38

Multiple Choice

Consider a market that is in equilibrium.If it experiences an increase in demand,what will happen? The demand curve will shift to the:

• A) right, and the equilibrium price and quantity will rise.
• B) right, and the equilibrium price will increase and the equilibrium quantity will decrease.
• C) right, and the equilibrium price and quantity will fall.
• D) left, and the equilibrium price and quantity will fall.

---

Definitions:

Clients

Individuals or entities that seek and use the professional services or advice of a company or professional.

Agile Manufacturing

A method of manufacturing which emphasizes flexibility and adaptability to respond rapidly to customer needs and market changes.

Automated Operations

The use of technology to perform tasks or processes automatically, typically involving minimal human intervention.

Task

A piece of work or duty to be undertaken, often characterized by a specific goal or set of requirements.