Equilibrium Quantity Must Increase When Demand

question 48

Multiple Choice

Equilibrium quantity must increase when demand

• A)increases and supply does not change,when demand does not change and supply increases,and when both demand and supply increase.
• B)increases and supply does not change,when demand does not change and supply increases,and when both demand and supply decrease.
• C)decreases and supply does not change,when demand does not change and supply decreases,and when both demand and supply increase.
• D)decreases and supply does not change,when demand does not change and supply decreases,and when both demand and supply decrease.

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Definitions:

Median

The middle value in a data set, which divides the data into two halves, or the value that has an equal number of data points above and below it.

Mode

The data point that is most frequently encountered in a set of data.

Raw Data

Untreated and unprocessed data collected directly from a source, prior to undergoing any form of analysis or manipulation.

100% Stacked Column Chart

A graphical representation of the composition of data, where each column represents a whole and segments within the column represent different parts or categories, adding up to 100%.