If both demand and supply increase, then the equilibrium price
A) falls but the equilibrium quantity increases.
B) falls, and the equilibrium quantity could either increase or decrease.
C) could either rise or fall, but the equilibrium quantity increases.
D) and equilibrium quantity increases.
E) rises, and the equilibrium quantity could either increase or decrease.
Correct Answer:
Verified
Q125: Use the information below to answer the
Q126: A technological improvement in the production of
Q127: If A and B are complements and
Q129: If we observe a decrease in the
Q132: Which one of the following will definitely
Q133: "As domestic car prices have increased, consumers
Q134: Which of the following will definitely result
Q135: Use the information below to answer the
Q138: Use the information below to answer the
Q143: Use the figure below to answer the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents