In the Continuity-Discontinuity Issue in Development, Continuity Refers to ________

question 28

Multiple Choice

In the continuity-discontinuity issue in development, continuity refers to ________, while discontinuity implies ________.

• A) abrupt change; stability
• B) gradual change; distinct stages
• C) qualitative change; quantitative change
• D) discrete stages; gradations

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Definitions:

Equilibrium Quantity

The amount of products or services available matches the amount requested at the prevailing market rate.

Demand Increases

A situation where the desire and ability to purchase goods and services in a market rise, often leading to higher prices if supply remains constant.

Supply Decreases

A reduction in the quantity of a good or service that producers are willing to sell at a given price, often resulting in higher prices.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where the quantity demanded equals the quantity supplied.