An Increase in the Demand for a Commodity Accompanied by a Decrease

question 87

Multiple Choice

An increase in the demand for a commodity accompanied by a decrease in its supply will result in a(n) :

• A)decrease in price and an increase in quantity.
• B)increase in both price and quantity.
• C)increase in quantity while the price can increase or decrease.
• D)increase in price while the quantity can increase or decrease.

---

Definitions:

Transportation System

A transportation system encompasses all modes of transport and infrastructure required for the movement of goods and people, including roads, railways, airways, and waterways.

Railroad and Train System

A network of tracks, stations, and supporting infrastructure for the movement of trains, which transport passengers or freight across distances.

Average Workweek

The average number of hours worked per week by employees in a particular firm, sector, or economy.

Industrial Nations

Industrial Nations are countries with significant levels of industrialization and higher standards of living.