Equilibrium Price Must Increase When Demand

question 78

Multiple Choice

Equilibrium price must increase when demand

• A)increases and supply does not change,when demand does not change and supply decreases,and when demand decreases and supply increases simultaneously.
• B)increases and supply does not change,when demand does not change and supply decreases,and when demand increases and supply decreases simultaneously.
• C)decreases and supply does not change,when demand does not change and supply increases,and when demand decreases and supply increases simultaneously.
• D)decreases and supply does not change,when demand does not change and supply increases,and when demand increases and supply decreases simultaneously.

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Definitions:

Avoidance

A coping mechanism involving steering clear of stressful or anxiety-inducing situations or stimuli.

Fear

An emotion that occurs in response to a real or perceived current threat.

Apprehension

A feeling of anxiety or fear that something bad or unpleasant will happen.

Worry

A mental state involving feelings of anxiety and concern, often focused on negative or uncertain outcomes.