FIGURE 3- 5
-Refer to Figure 3- 5. If supply and demand were to increase simultaneously, this would lead to

Name: FIGURE 3- 5 -Refer to Figure 3- 5. If supply and demand were to increase simultaneously, this would lead to
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When both supply and demand increase simultaneously, the quantity (Q) will definitely increase. However, the change in price (P) is indeterminate because it depends on the relative magnitudes of the shifts in supply and demand.

FIGURE 3- 5 -Refer to Figure 3- 5. If Supply and Demand Were