In Which of the Following Cases Must Price Always Fall

question 37

Multiple Choice

In which of the following cases must price always fall?

• A)Demand increases and supply increases.
• B)Demand decreases and supply decreases.
• C)Supply increases and demand remains constant.
• D)Demand decreases and supply increases.
• E)Both c and d

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Definitions:

Organizations

Entities that are structured and managed to meet a particular objective or set of objectives, which can include corporations, non-profits, and governmental bodies.

Reputation

The general perception or opinion of the public or a specific group about an individual, organization, or entity.

Proactive Firms

Businesses that anticipate and act on future needs or changes, rather than reacting to events after they happen.

Profit

The financial gain obtained when the revenue from business activities exceeds the expenses, costs, and taxes involved in maintaining the activity.