Both Price and Quantity Will Increase When There Is A(n)

question 22

Multiple Choice

Both price and quantity will increase when there is a(n)

• A)​increase in demand.
• B)​decrease in demand.
• C)​increase in supply
• D)​decrease in supply.

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Definitions:

Demographics

Quantifiable characteristics of a population, including age, gender, occupation, income, and education.

Affiliation

A connection or association with a group, organization, or institution, often indicating a formal relationship.

Self-actualization

A concept in psychology representing the realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Physiological Requirements

Basic physical needs of the human body that must be met to maintain health, such as food, water, and sleep.