If the Increase in the Supply of a Product Is

question 17

Multiple Choice

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

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

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Definitions:

Motivational Drives

Internal impulses that prompt action towards fulfilling a need or achieving a goal.

Expectancies

Beliefs about the potential outcomes of certain behaviors, which can influence an individual's decisions and actions.

Cognitive Factors

Elements that affect the processes of thinking, understanding, learning, and remembering.

Tension

A state of mental or emotional strain, often resulting from challenging or demanding circumstances.