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If the Demand for a Product Increases and the Supply

question 73

True/False

If the demand for a product increases and the supply of the same product decreases,the equilibrium price will increase.


Definitions:

True Unemployment Rate

A measure of the actual number of unemployed individuals, considering those who have stopped looking for work or are underemployed.

Destination

The end location or target to which data or a packet is being sent within a network or system.

Word

In computing, a data block of a specific size that is managed as a single entity by the processor's instruction set or hardware.

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