Which of the Following Would Result in a Higher Equilibrium

question 11

Multiple Choice

Which of the following would result in a higher equilibrium price and an ambiguous change in the equilibrium quantity?

• A)An increase in both supply and demand
• B)An increase in supply and a decrease in demand
• C)A decrease in both supply and demand
• D)A decrease in supply and an increase in demand

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Definitions:

Internal Team Leader

A member of an organization who is given the responsibility to guide, manage, and motivate a team within the same organization.

Facilitating Participation

The act of making it easier for all members of a group to be involved in decision-making and contributing to a project or goal.

Assigned Blame

This refers to the process of assigning responsibility for a problem or mistake to a person or group.

Stated Objectively

Expressed in a manner that is unbiased, impartial, and not influenced by personal feelings.