Equilibrium Price Must Decrease When Demand

question 156

Multiple Choice

Equilibrium price must decrease 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.

Determine suitable instructional methods for realistic scenario-based management training.

Recognize the role of problem-based learning in training.

Select appropriate case-based methodologies for focused training.

Understand the importance of experience and information in training effectiveness.

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Definitions:

Temperature

A physical quantity that expresses the subjective perceptions of hot and cold.

Scales Of Measurement

The systems used to categorize the nature of information that data provides, namely nominal, ordinal, interval, and ratio scales.

Nominal Scale

A scale of measurement used to categorize variables without providing any quantitative value or order.

Ratio Scale

A scale of measurement where there is a true zero and equal intervals, allowing for the comparison of magnitudes and the performance of mathematical operations.