If a rise in supply and a rise in demand occur at the same time,then we know that the price must also rise.

Name: If a rise in supply and a rise in demand occur at the same time,then we know that the price must also rise.
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Question

Quizplus · Accepted Answer

When both supply and demand increase, the effect on price is uncertain without knowing the relative magnitude of the changes. Price could increase, decrease, or stay the same depending on which effect is stronger.

If a Rise in Supply and a Rise in Demand