A simultaneous increase in both the supply of and the demand for vitamin water would cause an increase in the equilibrium quantity of vitamin water.

Question

Quizplus · Accepted Answer

When both supply and demand increase, the equilibrium quantity of the product (in this case, vitamin water) will increase because more is being produced and more is being sought after by consumers, leading to a higher quantity being sold in the market.

A Simultaneous Increase in Both the Supply of and the Demand