If Demand Rises and Supply Remains the Same,equilibrium Price Will

question 236

Multiple Choice

If demand rises and supply remains the same,equilibrium price will _____ and equilibrium quantity will _____.

• A)rise,rise
• B)fall,fall
• C)rise,fall
• D)fall,rise

---

Definitions:

Pure Monopoly

A market structure where a single firm is the sole provider of a product or service, facing no competition.

Demand Factors

Elements that influence the level of demand for a product or service, such as price, consumer preferences, income levels, and market trends.

Willingness

The readiness or inclination of people to engage in a particular action, such as purchasing a product or adopting a service.

Ability To Pay

A concept referring to an individual's or entity's capacity to cover a financial obligation, often considered in tax policy and healthcare.