If Supply and Demand Both Simultaneously Increase

question 281

Multiple Choice

If supply and demand both simultaneously increase

• A) the market clearing price definitely rises, and the equilibrium quantity definitely falls.
• B) the market clearing price definitely rises, and the effect on the equilibrium quantity is indeterminate.
• C) the market clearing price definitely falls, and the effect on the equilibrium quantity is indeterminate.
• D) the effect on the market clearing price is indeterminate, and the equilibrium quantity definitely rises.

Realize the importance of internal controls and ethical behavior in financial management.

Understand the role of direct labor in the production process and its impact on product costing.

Identify specific financial metrics unique to manufacturing companies and their relevance in financial analysis.

Understand the importance of managing emotions in personal and professional settings.

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