The Equilibrium Quantity Will Decrease and the Price Might Rise

question 322

Multiple Choice

The equilibrium quantity will decrease and the price might rise, fall, or stay the same when the

• A) demand and the supply of a good both increase.
• B) demand for a good increases and the supply of it decreases.
• C) demand for a good decreases and the supply of it increases.
• D) demand and the supply of a good both decrease.

---

Definitions:

Listening

The active process of paying attention and understanding information from sources, which in business contexts often refers to monitoring mentions and feedback across various channels.

Objectives

Specific, measurable goals that are set to achieve a desired outcome or target.

Strategy

A plan of action designed to achieve a long-term or overall aim.

Listening

In marketing, actively monitoring and analyzing social media and other platforms to understand public perception and gather feedback about a brand or product.