If Demand Increases While Supply Decreases, Then the Equilibrium Price

question 252

Multiple Choice

If demand increases while supply decreases, then the equilibrium price

• A) always increases.
• B) always decreases.
• C) may increase, decrease, or stay the same.
• D) never changes.

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Definitions:

Value

Represents the magnitude, quantity, or numerical data that can be assigned, measured, or calculated.

N7:2

A specific address or identifier used within certain programming environments, often indicating a numerical data location or type.

Instruction

A command that causes a programmable logic controller to perform one specific operation. The user enters a combination of instructions into the programmable logic controller’s memory to form a unique application program.

FAL Copy

A function used in some software, particularly in industrial applications, for copying blocks of data from one area to another.