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If Both Demand and Supply Increases in a Market That

Question 101

Multiple Choice

If both demand and supply increases in a market that is initially in equilibrium,price will:


A) remain unchanged while quantity will decrease.
B) remain unchanged while quantity will increase.
C) increase only if supply increases more than demand.
D) increase only if demand increases more than supply.
E) decrease only if supply increases less than demand.

Correct Answer:

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