In the Short Run,an Increase in Market Demand Will Usually

question 29

Multiple Choice

In the short run,an increase in market demand will usually lead to a(n)

• A)decrease in price and an increase in quantity.
• B)decrease in price and a decrease in quantity.
• C)increase in price and an increase in quantity.
• D)increase in price and a decrease in quantity.

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Definitions:

Trust Fund

A legal arrangement through which assets are held by a third party for the benefit of another party or parties.

Compounded Quarterly

The process in which interest is calculated and added to the principal amount every quarter of the year.

Deposits

Money placed into a bank account or given as a security for a contractual agreement.

Semi-annually

Occurring twice a year, typically every six months.