It Is Certain That the Equilibrium Price Will Fall When

question 98

Multiple Choice

It is certain that the equilibrium price will fall when:

• A)the supply curve and the demand curve both shift to the right.
• B)the supply curve shifts to the right and the demand curve shifts to the left.
• C)supply and demand both increase.
• D)supply decreases and demand stays the same.

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Definitions:

Upper Control Limit

In statistical quality control, the highest value on a control chart that signals when a process is still in control without indicating concern.

Customer Complaints

Feedback or grievances expressed by customers concerning a company's products or services.

Service Department

A sector of a business or organization dedicated to providing maintenance, repair, and customer support services.

Electronics Company

A business entity that designs, manufactures, and sells electronic equipment, devices, and components.