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:

Debits

An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet or in an individual's bank account.

Assets

Resources owned or controlled by a person or company, expected to bring future economic benefits.

Credits

Accounting entries that increase liabilities or equity on the balance sheet, or decrease an asset or expense account on the income statement.

Dividends Accounts

Dividends Accounts represent the financial accounts used by a company to record the dividends paid out to shareholders, reflecting the distribution of earnings.