If the Demand for a Good Increases at the Same

question 30

Multiple Choice

If the demand for a good increases at the same time the supply of the good decreases,what happens to equilibrium price and quantity?

• A) Equilibrium quantity increases, but the effect on equilibrium price is ambiguous.
• B) Equilibrium quantity decreases, but the effect on equilibrium price is ambiguous.
• C) Equilibrium price increases, but the effect on equilibrium quantity is ambiguous.
• D) Equilibrium price decreases, but the effect on equilibrium quantity is ambiguous.

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Definitions:

Transnational Organizations

Companies that operate across national borders, integrating global approaches to business strategies.

Multicultural Mix

A composition of diverse cultures, ethnicities, and backgrounds within a group, organization, or society.

Microcultural Differences

Variations in culture that occur within larger cultural groups, often based on ethnicity, geography, or specific social groups.

Generations

Groups of individuals born and living around the same time, often sharing similar societal influences and life experiences.