Which of the Following Would Cause an Unambiguous Increase in the Equilibrium

question 57

Multiple Choice

Which of the following would cause an unambiguous increase in the equilibrium price in a market?

• A)a rightward shift in supply and a rightward shift in demand.
• B)a rightward shift in supply and a leftward shift in demand.
• C)a leftward shift in supply and a rightward shift in demand.
• D)a leftward shift in supply and a leftward shift in demand.

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Definitions:

Libertarianism

A political philosophy that advocates for minimal government intervention in the lives of citizens, emphasizing individual liberty, free-market capitalism, and the rule of law.

Ethical Principles

Fundamental guidelines that dictate the standards of conduct and decision-making based on moral beliefs and values.

Democracy

A system of government where power is vested in the people, who rule either directly or through freely elected representatives.

Union Administration

The management and operational activities performed by the leadership and staff of a labor union, including contract negotiation, member representation, and organizational governance.