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:

Local Government Revenue

The funds collected by municipalities and local authorities through various means such as taxes, fees, and grants, which are used to finance public services and infrastructure.

Expenditures

The act of spending funds or using resources to acquire goods and services.

State

A political entity with defined territorial boundaries, governance structures, and sovereignty over internal and external affairs.

Local Governments

Administrative bodies governing smaller geographic areas within a country, responsible for local policies and regulations.