If both the demand and the supply increase, it is impossible to say whether the price will rise or fall.

Name: If both the demand and the supply increase, it is impossible to say whether the price will rise or fall.
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Question

Quizplus · Accepted Answer

The effect on price depends on the relative magnitudes of the shifts in demand and supply; if demand increases more than supply, price rises, and if supply increases more than demand, price falls.

If Both the Demand and the Supply Increase, It Is