Which of the Following Definitely Results in a Product's Equilibrium

question 34

Multiple Choice

Which of the following definitely results in a product's equilibrium price rising?

• A) an increase in both demand and supply
• B) a decrease in both demand and supply
• C) an increase in demand combined with a decrease in supply
• D) a decrease in demand combined with an increase in supply
• E) an increase in the supply combined with no change in the demand

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Definitions:

Quarterly

Occurring or done every three months.

Compounded

A method of calculating interest where previously earned interest is added to the principal amount, and then future interest is calculated on the new total.

Quarterly

Occurring every three months or four times a year.

Annuity

An investment vehicle that provides a consistent series of disbursements to a person, often employed in retirement planning.