It Is Certain That the Equilibrium Quantity Will Rise When

question 198

Multiple Choice

It is certain that the equilibrium quantity will rise when:

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

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Definitions:

Nestlé

A Swiss multinational food and drink processing conglomerate, known for its wide range of products including coffee, dairy, and confectioneries.

General Mills

A multinational manufacturer and marketer of branded consumer foods sold through retail stores.

Cereal Partners Worldwide

A joint venture between Nestlé S.A. and General Mills Inc. focused on producing and marketing breakfast cereals globally.

Channel Captain

A dominant firm in a distribution channel that exercises authority and power over activities of other channel members.