If the Demand for a Good Increases a the Same

question 2

Multiple Choice

If the demand for a good increases a the same time the supply of the good decreases,what happens to equilibrium price and quantity?

• A) Equilibrium quantity increases, but the effect on equilibrium price is ambiguous
• B) Equilibrium quantity decreases, but the effect on equilibrium price is ambiguous
• C) Equilibrium price increases, but the effect on equilibrium quantity is ambiguous
• D) Equilibrium price decreases, but the effect on equilibrium quantity is ambiguous change "a" to "and at"

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Definitions:

Spears's Characteristics

Refers to the key attributes of servant leadership as identified by Larry C. Spears, such as empathy, awareness, and commitment to the growth of people.

Sense of Unity

The feeling or perception of being part of a cohesive group, where members share common interests or objectives.

Greater Value

refers to qualities or assets that have a higher worth or significance compared to others in a specific context.

Managing Resources

Involves effectively and efficiently planning, organizing, directing, and controlling assets for the attainment of organizational objectives.