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If Both the Demand for a Product and the Supply

question 35

Multiple Choice

If both the demand for a product and the supply of it increase, then the equilibrium quantity will ________ and the equilibrium price will ________.


Definitions:

Access to Customers

The ability of a business to reach and interact with its target audience, essential for marketing, sales, and customer service.

Succession Problem

A challenge faced by organizations when planning for the replacement of key leadership positions.

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities.

Current Head

The individual currently in charge or leading a team, department, or organization.

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