Which of the Following Events Must Result in a Higher

question 125

Multiple Choice

Which of the following events must result in a higher price in the market for cigars?

• A)Demand for cigars increases,and supply of cigars decreases.
• B)Demand for cigars and supply of cigars both decrease.
• C)Demand for cigars decreases,and supply of cigars increases.
• D)Demand for cigars and supply of cigars both increase

---

Definitions:

Establishing Business

The process of starting a new company or venture, including planning, making key financial decisions, and completing legal activities required for operation.

Getting Customers

The process of attracting and acquiring individuals or businesses to purchase goods or services.

Finding Financing

The process of securing funds for business operations, investments, or projects.

Business Plan

A comprehensive document that outlines the objectives, strategies, financial forecasts, and market analysis of a business endeavor.