If an Increase in the Demand for a Product Is

question 69

Multiple Choice

If an increase in the demand for a product is greater than the increase in the supply,what will be the immediate result?

• A)A surplus.
• B)A shortage.
• C)The price will fall.
• D)Cannot be determined.

Analyze the causes and effects of changes in exchange rates over time.

Recognize the role of government and central bank policies in influencing exchange rates.

Understand how economic indicators and performances affect exchange rates.

Interpret the balance of trade and its impact on the financial account and national economy.