If Price Rises

question 165

Multiple Choice

If price rises,

• A)there may have been an increase in demand.
• B)there may have been an increase in supply.
• C)there may have been a decrease in demand.
• D)there must have been a decrease in equilibrium quantity.

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Definitions:

Narrowly Defined Actions

Specific, targeted steps designed to achieve precise objectives.

Coordination

The process of organizing activities and resources efficiently to achieve a collective goal.

Functional Areas

Distinct segments of a business or organization, each focusing on a specific aspect of operations, such as marketing, finance, or human resources.