What Will Happen If Both the Demand for and Supply

question 60

Multiple Choice

What will happen if both the demand for and supply of a product increase simultaneously?

• A)The effect on the quantity traded is indeterminate.
• B)The quantity traded will increase.
• C)The quantity traded will decrease.
• D)The price will rise.

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Definitions:

Branded Goods

Branded goods are products that are made by well-known manufacturers and carry a brand name or logo, distinguishing them from generic or no-name products.

Behavioralists

Researchers or theorists who study the effects of human behavior on decision-making processes, often in the context of economics or psychology.

Antitrust Applications

Legal processes and measures aimed at promoting competition and preventing anti-competitive practices among firms, such as monopolies or cartels.

Proposed Ergonomics

Suggested improvements or changes to a workspace or product design aimed at enhancing efficiency and reducing discomfort or risk of injury.