Which of the Following Is Likely to Happen If the Demand

question 75

Multiple Choice

Which of the following is likely to happen if the demand for Canadian goods increases?

• A) The value of the dollar will decrease.
• B) The demand for the dollar will decrease.
• C) The demand for goods will have little or no effect on the dollar.
• D) The demand for the dollar will increase.
• E) It is not possible to say.

---

Definitions:

Equilibrium Quantity

The quantity of goods or services supplied that is equal to the quantity demanded at a particular price level, reaching a state of market balance.

Equilibrium Price

The economic value where the quantity of goods brought to the market equals the quantity taken by consumers.

Technological Advancement

The process of innovation and improvement in technology, leading to more efficient production methods and new products.

Equilibrium Quantity

The quantity of goods or services supplied is exactly equal to the quantity of goods or services demanded.