A Increase in Demand Coupled with a Simultaneous and Bigger

question 125

Multiple Choice

A increase in demand coupled with a simultaneous and bigger decrease in supply will cause equilibrium:

• A) Price to go up and quantity to go down
• B) Price to go up and quantity to go up
• C) Price to go down and quantity to go down
• D) Price to go down and quantity to go up

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Definitions:

Performs Under Pressure

The ability of an individual to execute tasks effectively in situations of high stress or urgency.

Big Five Factors

A model that describes five major dimensions of human personality traits: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.

Openness to Experience

A dimension of personality that reflects the degree of intellectual curiosity, creativity, and preference for novelty and variety a person has.

Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, and the desire to do a task well, often linked to high levels of achievement and organization.