How Will the Demand and Supply of a Product Be

question 43

Multiple Choice

How will the demand and supply of a product be affected if both producers and consumers expect the future price of a product will be higher than at present?

• A)It will cause an increase in demand but a decrease in supply.
• B)It will cause an increase in both the demand and supply.
• C)It will cause a decrease in both the demand and supply.
• D)It will cause an increase in supply but will have no effect on demand.
• E)It will cause an increase in supply but a decrease in demand.

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Definitions:

Stem And Leaf Display

A graphical method of displaying quantitative data to show its distribution, using stems and leaves to group data points.

Central Location

A statistical term referring to the center or middle value of a probability distribution, commonly identified by measures like mean, median, and mode.

Points

In finance, a point represents a single unit of measurement for various metrics, including interest rates and stock prices.

Basketball Player

An athlete who participates in the sport of basketball, playing on a team and competing in games and tournaments.