Suppose Improvements in Technology Cause the Supply of Natural Gas

question 60

Multiple Choice

Suppose improvements in technology cause the supply of natural gas to increase and at the same time the demand for natural gas increases.What are we sure of?

• A) Both equilibrium price and quantity increase.
• B) Equilibrium price increases.
• C) Equilibrium price decreases.
• D) Equilibrium quantity increases.
• E) Equilibrium quantity decreases.

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Definitions:

Persuasion

The act or process of influencing someone's beliefs, attitudes, intentions, motivations, or behaviors through arguments, reasoning, or appeal.

Negative Consequences

Undesirable outcomes or penalties that result from a specific behavior or action, often serving as a deterrent for the behavior.

Emotional Capabilities

The skills or abilities to recognize, understand, manage, and use one's own emotions and those of others effectively in interpersonal interactions.

Management by Objectives

A strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees.