Equilibrium Quantity Must Increase When Demand

question 48

Multiple Choice

Equilibrium quantity must increase when demand

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

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Definitions:

Fresh Start Accounting

An accounting method used by companies emerging from bankruptcy that allows for the restatement of assets and liabilities at fair market value.

Deferred Income Taxes

Taxes that are assessed on income in one period but are not paid until a future period, often due to timing differences in recognizing revenue and expenses for tax and accounting purposes.

Future Payments

Obligations that a company is required to pay in the future, often as part of financing arrangements or purchase agreements.