Which of the Following Is Likely to Result in a Higher

question 36

Multiple Choice

Which of the following is likely to result in a higher equilibrium price?

• A)​An increase in both demand and supply.
• B)​A decrease in both demand and supply.
• C)​An increase in demand and a decrease in supply.
• D)​A decrease in demand and an increase in supply.

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Definitions:

Controllable Fixed Costs

Fixed costs that a manager or business has the power to influence or change in the short term.

Contribution Margin

The amount of revenue remaining after deducting the variable costs associated with producing a product, used to cover fixed costs and generate profit.

Foreign Subsidiary

A company partially or wholly owned by another company that operates in a country different from the parent company.

Responsibility Center

A unit within an organization for which a manager is accountable, focusing on revenue, costs, or investments.