Question 11 (4 marks) "As the economy picks up, demand for many inputs is outstripping supply, driving up prices for thi

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Question 11 4 Marks As The Economy Picks Up Demand For Many Inputs Is Outstripping Supply Driving Up Prices For Thi 1 (67.72 KiB) Viewed 21 times

Question 11 (4 marks) "As the economy picks up, demand for many inputs is outstripping supply, driving up prices for things as diverse as construction materials, energy, food ingredients, and semiconductors. Soon, that list will include Office 365 subscriptions. You might not have heard about it from your sales rep yet, but Microsoft quietly announced that starting March 1, 2022, it will hike the price of many of its enterprise Office 365 and Microsoft 365 subscriptions. (Consumer and education subscription prices aren't changing for now.)" Source: https://www.cio.com/article/3634389/mic ... e-hit.html Accessed: 14/10/21 An increase in the price of Office 365 subscriptions above the equilibrium will... a. Shift the Office 365 subscriptions' supply curve to the right. b. Shift the Office 365 subscriptions' demand curve to the right. c. Cause a surplus of Office 365 subscriptions. d. Cause a shortage of Office 365 subscriptions.