An increase in supply and demand will lead to an increase in the equilibrium price and an indeterminate change in the equilibrium quantity.

Name: An increase in supply and demand will lead to an increase in the equilibrium price and an indeterminate change in the equilibrium quantity.
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Quizplus · Accepted Answer

An increase in both supply and demand typically leads to an increase in equilibrium quantity, while the change in equilibrium price depends on the relative magnitudes of the shifts in supply and demand.

An Increase in Supply and Demand Will Lead to an Increase