If the number of demanders for electric cars increases at the same time as the number of suppliers of electric cars increases and the shift in demand is equal to the shift in supply, which of the following is true?

Question

Quizplus · Accepted Answer

When the number of demanders for electric cars increases at the same time as the number of suppliers of electric cars increases and the shift in demand is equal to the shift in supply, the equilibrium quantity will increase and the equilibrium price will remain the same. This is because the increase in both demand and supply will result in a larger quantity of electric cars being available in the market, but without a significant change in price as the forces of demand and supply balance each other out. Therefore, choice D is the correct answer.

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