Which of the Following Would Result from an Increase in the Demand

question 69

Multiple Choice

Which of the following would result from an increase in the demand for a good?

• A) Both equilibrium price and quantity would rise.
• B) Both equilibrium price and quantity would fall.
• C) Equilibrium price would rise, and equilibrium quantity would fall.
• D) Equilibrium quantity would rise, and equilibrium price would fall.

---

Definitions:

Leader's Approval

The endorsement, positive assessment, or support given by a leader to their subordinate or their decision.

Admire

To regard someone or something with respect, appreciation, or warm approval.

Legitimate Power

The authority and power wielded by an individual or entity as a result of their role or position within a hierarchy or organizational structure.

Valet Manager

A professional responsible for overseeing the operations of valet parking services, including managing staff, ensuring customer satisfaction, and maintaining parking efficiency.