Which of the Following Events Must Cause Equilibrium Price to Rise

question 116

Multiple Choice

Which of the following events must cause equilibrium price to rise?

• A)demand increases and supply decreases
• B)demand and supply both decrease
• C)demand decreases and supply increases
• D)demand and supply both increase

---

Definitions:

Frequency Distributions

A statistical representation, often visual, that displays the number of occurrences of each distinct value of a variable.

Designated Categories

Predefined classifications or groups into which objects, individuals, or ideas are placed based on shared characteristics or attributes.

Demand Characteristics

refer to the cues or features in an experiment that might signal to participants how they are expected to behave, potentially influencing the outcomes of the study.

Experimental Group

a group of participants in an experiment who are exposed to the variable under investigation, to assess the effect of the treatment.