If the number of demanders for electric cars increases at the same time as the number of suppliers of electric cars increases, which of the following is true?

Question

Quizplus · Accepted Answer

When both demand and supply increase, the equilibrium quantity of electric cars in the market will increase. This is because more people want to buy electric cars and more suppliers are willing to sell them, leading to a higher quantity of transactions.

If the Number of Demanders for Electric Cars Increases at the Same