If the Population Increases and Input Prices Increase,the Equilibrium Price

question 161

True/False

If the population increases and input prices increase,the equilibrium price of a product will definitely increase.

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Definitions:

Accident

An unplanned event that results in injury, damage, or loss.

Paycheque

The physical or electronic means by which an employer disburses wages or salaries to employees.

Incidence Rate

A measure used in epidemiology to assess the frequency of new cases of a disease or condition within a specified population over a certain period of time.

Full-time Employees

Workers who are employed for the standard working hours of an organization, typically benefiting from full employment rights, including salary, benefits, and employment security.